Opportunities And Challenges Arise As America’s Population Ages

As America’s population rapidly ages experts are warning of the potential challenges and opportunities that come with the demographic shift. The U.S. Census Bureau projects that by 2035 older adults will outnumber children for the first time in U.S. history.

The shift is expected to put a strain on healthcare systems and the economy as age-related illnesses become more prevalent and the number of retirees increases.
However, experts also see opportunities for innovation and policy changes to address the challenges.

Henry Criss, CEO at the Fraum Center for Restorative Health, said the changes provide an opportunity to innovate in how medical care is delivered and adopt new technologies to improve access and treatment. “We’re expanding services like telemedicine and looking into new medical technologies,” Criss said.

Personal injury lawyer Matthew Clark told Newsweek that policy changes that encourage older adults to stay active and engaged will keep them in the workforce longer thus benefiting the economy. “One idea is to raise the retirement age so people can keep working if they want to,” Clark suggested.

Experts agree that changes need to come sooner rather than later to address the challenges and opportunities presented by the aging population.