Aging is a universal phenomenon, and if we’re lucky, we all get to experience living to a ripe old age. The advancements in science and medicine are helping more people live longer than ever before.
This trend is expected to continue to 2029, according to Pew Research, and by 2060, the population of seniors is expected to rise to 100 million.
The Birth of Senior Placement IndustryThis influx of new seniors on a daily basis is creating an enormous demand for assisted-living facilities, nursing homes and home health care. This makes sense, as with the average life-span approaching 80, the number of people suffering from chronic diseases is on the rise. According to the New York Post, “the number of people suffering from four or more chronic diseases is expected to double by 2030,” with cancer and diabetes leading the list – and a third of a…