Monday, April 16, 2012

Boomers and modern medicine - the economic impact of ailing parents

It seems like all of my friends and colleagues are managing ailing parents - all at once.

Coincidence? Probably not. The 'baby boomers' were a big demographic bulge and we're now between 50 and 60 years old. Our parents are between 70 and 90. Modern medicine has compressed mortality, so a good percentage of boomer parents are still alive. In ten years most of them will be dead.

I wonder what the economic impact of this concentrated elder care will be?