An aging generation of baby boomers, longer average life expectancy and a lack of available resources are contributing to what's being called an impending "senior-care crisis."
In 2060, the number of Americans age 65 and older is expected to reach 95 million -- 23 percent of the country's population.
Baby boomers are the largest living adult generation and average life expectancy is up to 79 years. By 2030, the Population Reference Bureau anticipates the number of seniors to surpass the number of children for the first time in U.S. history.
According to the Texas Health Care Association, 1 in 4 Texas nursing homes are operating at financial levels that put them at risk of closure. Social security, Medicare and Medicaid systems will be strained as demand for services increases.
What senior care options are available? What are the financial and legal considerations?
How should families start the care conversation with aging loved ones? What additional challenges are there for elder orphans?
What are other senior care challenges and potential fixes? What local resources are available for seniors and caregivers?
- Kevin Warren, chief executive officer for the Texas Health Care Association
- Gloria Vasquez, director of the Area Agencies on Aging for the Alamo Area Council of Governments
- Carol Marak, aging alone expert and founder of the Elder Orphan Facebook group
For more information on local resources for senior care visit TPR's Silver Solutions page.
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*This interview was recorded on Monday, July 22 .