Demographic shift

The Milken Institute's latest report sheds light on a noteworthy demographic shift taking place in the United States. Projections suggest that by 2034, the population of older adults (aged 65 and above) will surpass that of individuals under 18. This shift is anticipated to lead to a significant rise in the older adult population, reaching 80 million by 2040, up from 55.7 million in 2020. Notably, the segment of the population aged 85 and older, requiring increased assistance, is expected to double by 2040. This demographic transformation poses challenges in providing appropriate and affordable housing and care options for older adults...