Many countries, including the United States, are currently facing the issue of long-term care because of the rapidly growing older population. The U.S experienced a so-called explosion of births, right after its soldiers returned home from World War II.
This generation became known as the Baby Boom Generation, and those born between 1946 and 1964 as baby boomers. Six years ago, or in 2011, the first wave of the baby boomers—Americans turned 65 years old, which as we all know is the traditional retirement age in the U.S. Today boomers represent 28% of the U.S. population, and as they continue to age, taking care of their needs will turn into a growing challenge.
Currently, there are around 12 million aged Americans that need assistance or rely completely on others like family or nursing care, to help them carry out their everyday activities such as eating, bathing, dressing, housekeeping, or paying bills.
As a resident of New York City and a person who has experience with taking care of elderly, Joel Landau realized that there are not enough trained caregivers to take care of the older adults, regardless whether they are family or paid professionals. He saw an opportunity in investing in nursing homes and soon Allure Care, a New York City-based nursing home was born. During the following decades, the number of the elderly population will double, which of course will cause a massive increase in the number of people who will need long-term care. From the lights of Times Square to the endless skyscrapers, New York City is one of the greatest metropolitan cities in the world.
The Big Apple is also one of the cities where thanks to the public health improvements and medical breakthroughs, thousands of seniors are living longer, healthier and more active lives, as nursing homes urged to serve the rapidly growing number of older citizens.
There are 77 million baby boomers, aged between 53 and 71. Because of the increased longevity of seniors, millions of people are more likely to need long-term comprehensive nursing health care. The fact that they make up around one-quarter of the total population, clearly indicates that their retirement will have a huge impact on the U.S. economy, meaning they will slow labor force growth significantly over the next decade. At the same time, this will lead to an increased demand for new workers who will eventually take the place of those who retire. The healthcare industry will remain one of the leading industries, and there will be an even bigger demand for healthcare workers.
Every year there are fewer children being born and more adults living longer. That means the population of the entire world is rapidly growing older, and soon, for the first time in history, elderly will outnumber children under the age of five. In less than 15 years, there will be 1 billion aged people or one-eighth of the global population.
It is logical that such growth will be coupled with increasing demands upon healthcare and nursing services. Demand for paid, long-term care is expected to outpace the supply of qualified professionals in upcoming decades. With Allure Care nursing homes, Landaus has stepped in and helped the city through its wide range of services in the healthcare arena. In order to achieve healthcare efficiency and efficacy, all nursing homes will need to introduce and apply technology that can allow seniors to live more fulfilled, carefree lives during their retirement years.
