In 2023, about 17.7 percent of the American population was 65 years old or over; an increase from the last few years and a figure which is expected to reach 22.8 percent by 2050. This is a significant increase from 1950, when only eight percent of the population was 65 or over. A rapidly aging population In recent years, the aging population of the United States has come into focus as a cause for concern, as the nature of work and retirement is expected to change to keep up. If a population is expected to live longer than the generations before, the economy will have to change as well to fulfill the needs of the citizens. In addition, the birth rate in the U.S. has been falling over the last 20 years, meaning that there are not as many young people to replace the individuals leaving the workforce. The future population It’s not only the American population that is aging -- the global population is, too. By 2025, the median age of the global workforce is expected to be 39.6 years, up from 33.8 years in 1990. Additionally, it is projected that there will be over three million people worldwide aged 100 years and over by 2050.

In 2020, about 17.9 percent of the population in China had been 60 years and older. This share is growing rapidly and was estimated to reach 40 percent by 2050. China's aging population With China’s boomer generation growing old and life expectancy increasing at the same time, the number of people at an age of 60 or above nearly doubled between 2000 and 2020 and reached around 255 million. This development is even more pronounced for the age group of 80 and above, which nearly tripled and is expected to reach a size of roughly 132 million in 2050, up from only 32 million in 2020. At the same time, the share of the working-age population is forecasted to decrease gradually from 64 percent of the total population in 2020 to around 50 percent in 2050, which could pose a heavy economic strain on the social security system. The old-age dependency ratio, which denotes the relation of the old-age to the working-age population, is estimated to grow from 18.2 percent in 2020 to more than 50 percent in 2050, implying that by then, statistically, two working-age adults would have to support one elderly. Strain on the social security net During the last 15 years, China's government has successfully increased the coverage of the pension insurance and health insurance. Today, most of the people are covered by some kind of social insurance. Conditions in the pension system are generous, with a regular retirement age for males at 60 years and women at 50 or 55. With the number of retirees increasing quickly, the social insurance system is now under pressure. From an economic point of view, improving the productivity of China's economy would be the primary choice for mitigating alleged inconsistencies of the system. However, without increasing the burden on the working people while tightening payment conditions, balancing the social security net could prove to be challenging.

About this dataset

Context

The dataset tabulates the data for the Rising Sun, MD population pyramid, which represents the Rising Sun population distribution across age and gender, using estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. It lists the male and female population for each age group, along with the total population for those age groups. Higher numbers at the bottom of the table suggest population growth, whereas higher numbers at the top indicate declining birth rates. Furthermore, the dataset can be utilized to understand the youth dependency ratio, old-age dependency ratio, total dependency ratio, and potential support ratio.

Key observations

• Youth dependency ratio, which is the number of children aged 0-14 per 100 persons aged 15-64, for Rising Sun, MD, is 42.1.
• Old-age dependency ratio, which is the number of persons aged 65 or over per 100 persons aged 15-64, for Rising Sun, MD, is 17.2.
• Total dependency ratio for Rising Sun, MD is 59.3.
• Potential support ratio, which is the number of youth (working age population) per elderly, for Rising Sun, MD is 5.8.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Age groups:

• Under 5 years
• 5 to 9 years
• 10 to 14 years
• 15 to 19 years
• 20 to 24 years
• 25 to 29 years
• 30 to 34 years
• 35 to 39 years
• 40 to 44 years
• 45 to 49 years
• 50 to 54 years
• 55 to 59 years
• 60 to 64 years
• 65 to 69 years
• 70 to 74 years
• 75 to 79 years
• 80 to 84 years
• 85 years and over

Variables / Data Columns

• Age Group: This column displays the age group for the Rising Sun population analysis. Total expected values are 18 and are define above in the age groups section.
• Population (Male): The male population in the Rising Sun for the selected age group is shown in the following column.
• Population (Female): The female population in the Rising Sun for the selected age group is shown in the following column.
• Total Population: The total population of the Rising Sun for the selected age group is shown in the following column.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Rising Sun Population by Age. You can refer the same here

Abstract Since the second half of the 20th century survival has been democratised in most countries. More and more people reach an advanced age. The objective of this paper is to discuss how phases of the life cycle are being re-defined in the context of a world in transformation: the universalization of social security that guarantees income for older people; technological advances that have increased the velocity of communication and the demand for continuing education; medical advances; and changes in family organization such as an increase in divorce rates, re-marriage and unions between people of the same sex. Even so, the biological changes that accompany ageing have not changed since Antiquity, in spite of hopes for a longer life. These changes occur later in life and more people live through them. Yet people continue to retire at more or less the same age. This suggests the creation of a new post retirement life phase that is distinct from adult life and the phase of fragility. We remain young for longer; indeed youth has been extended. We do not know whether this new phase will be experienced by all people. But if that becomes the case, why not include it as part of adult life?

In 2024, the old-age dependency ratio in Singapore was at 26.5 residents aged 65 years and older per hundred residents aged 15 to 64 years. In the last ten years, this ratio has increased from 16.2 in 2015. Singapore is facing the challenge of an increasingly aging population and a declining birth rate, leading to a possible continuation of the trend of increasing old-age dependency ratio.

The data on expenditure under the various social protection schemes are drawn up according to the ESSPROS (European System of integrated Social Protection Statistics) Manual issued by Eurostat. Generally, the objectives of ESSPROS are to provide a comprehensive, realistic and coherent description of social protection which: (i) covers social benefits and their financing; (ii) is geared towards international comparability; and (iii) is completely harmonised with other statistics, particularly the National Accounts, in its main concepts. The Old Age function contains the following benefits: Decreased National Minimum Pension, Increased National Minimum Pension, Increased Retirement Pension, National Minimum Pension, Retirement Pension, Two-Thirds Pension, Age Pension, Blind Pension and Carers Pension. Spatial ESSPROS data is represented per 1000 population.

The rapid increase in the number of older people under the background of population aging has gradually changed the disease spectrum of society, making aging diseases more prevalent, and increasing the demand for health care services, medical and health services, and health insurance among older people, ultimately leading to increasing household and social spending on old age. This study is conducted to assess the impact of those spending burden on the sustainable development of economy and find out some practical and effective solutions. This paper constructs a theoretical model to illustrate the relationship between the old-age dependency ratio and the marginal product of capital (MPK), and then establishes a two-way fixed effect model based on transnational panel data of 81 countries from 1981 to 2017 to verify this relationship empirically. This paper finds that, after controlling a series of variables, an increased burden of old-age dependency leads to a decline in the MPK, a key macroeconomic variable and also a sustainable development criteria, but in which health care, health security systems, and technological innovation play a key and moderating role. The conclusion is also valid after tackling the problem of endogeneity with different methods, like two-stage least squares (TSLS) and the generalized methods of moments (GMM). Overall, before population aging, countries that are old-but-not-rich should encourage more supply-side investments in public health system or technological innovation, and adjust retirement system, or gradually encourage childbearing to strive for time and space for later sustainable development of public health system and economy.

About this dataset

Context

The dataset tabulates the Rising Sun population by age cohorts (Children: Under 18 years; Working population: 18-64 years; Senior population: 65 years or more). It lists the population in each age cohort group along with its percentage relative to the total population of Rising Sun. The dataset can be utilized to understand the population distribution across children, working population and senior population for dependency ratio, housing requirements, ageing, migration patterns etc.

Key observations

The largest age group was 18 to 64 years with a poulation of 1,416 (55.10% of the total population). Source: U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Age cohorts:

• Under 18 years
• 18 to 64 years
• 65 years and over

Variables / Data Columns

• Age Group: This column displays the age cohort for the Rising Sun population analysis. Total expected values are 3 groups ( Children, Working Population and Senior Population).
• Population: The population for the age cohort in Rising Sun is shown in the following column.
• Percent of Total Population: The population as a percent of total population of the Rising Sun is shown in the following column.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Rising Sun Population by Age. You can refer the same here

The number of older individuals – those aged 65 and older – enrolled in the Medicaid health insurance program was projected to be *** million in 2020. Enrollment is expected to increase year-on-year and is forecast to reach ***** million by 2027.

Which enrollment group is the largest? The percentage of people covered by Medicaid has notably increased since 2000, and enrollment has accelerated in recent years due to the program’s expansion under the Affordable Care Act. The elderly represent the smallest enrollment group, and this looks set to continue in the coming years. The number of disabled enrollees is projected to grow to nearly ****** million, while children are expected to remain the largest enrollment group.

Combining Medicaid and Medicare Aged individuals can qualify for Medicaid based on their low-income or via another eligibility pathway, such as receiving Supplemental Security Income. Some seniors may also qualify for both Medicaid and Medicare, and these dual-eligible beneficiaries receive a comprehensive range of medical support. Medicare is a health insurance program primarily aimed at individuals aged 65 and older – this group accounted for around ** percent of all Medicare enrollees in 2019.

Retirement Communities Market Outlook

The global retirement communities market size was valued at approximately USD 250 billion in 2023 and is projected to reach around USD 400 billion by 2032, growing at a CAGR of about 5%. This growth is primarily driven by the aging global population, an increase in life expectancy, and changing lifestyle preferences among seniors. The shift towards comprehensive care and the integration of health and wellness services within retirement communities have further fueled this market's expansion. As societies worldwide continue to experience demographic shifts, the demand for retirement communities that offer a blend of healthcare, hospitality, and recreational amenities is expected to surge, underpinning the robust growth trajectory of the sector.

The burgeoning aging population is one of the primary growth factors for the retirement communities market. As advances in healthcare continue to improve life expectancy, a significant proportion of the global population is projected to fall within the senior age bracket, necessitating adequate living solutions for them. This demographic shift is particularly pronounced in developed regions such as North America and Europe, where a considerable percentage of the population is transitioning into retirement age. Additionally, emerging economies in Asia Pacific are also witnessing an increase in the elderly population, driven by improved healthcare infrastructure and living standards. This demographic evolution necessitates the development of retirement communities equipped with facilities that cater to both the healthcare and lifestyle needs of seniors.

Another significant growth factor is the increased financial independence and spending power among seniors. With many from the baby boomer generation having accrued substantial savings and investments, there is a growing willingness to spend on quality living environments that provide comfort, security, and access to healthcare and recreational activities. This financial capability, coupled with the desire for a community living environment that offers social interaction and reduces isolation, is a key driver for the retirement communities market. Furthermore, these communities are increasingly incorporating technology to enhance the quality of life for residents, with features such as telemedicine, smart home technologies, and digital health monitoring, which are appealing to the tech-savvy senior demographic.

Moreover, the changing societal norms and lifestyle preferences among the elderly are also contributing to the market's growth. TodayÂ’s seniors are more active and health-conscious than ever before, seeking retirement communities that offer wellness programs, fitness centers, and social activities that align with their lifestyle choices. The emphasis on holistic well-being has led to a rise in integrated community models that provide a continuum of care, from independent living to assisted living and nursing care, allowing seniors to age in place with dignity and peace of mind. This trend is expected to intensify in the coming years, further propelling the growth of the retirement communities market globally.

In recent years, the concept of Smart Communities has emerged as a transformative force within the retirement sector. These communities leverage advanced technologies to create interconnected environments that enhance the quality of life for residents. By integrating smart home devices, IoT solutions, and data-driven services, Smart Communities offer personalized and efficient living experiences. This technological integration not only improves safety and convenience for seniors but also promotes sustainable living practices. As the demand for tech-savvy solutions grows, retirement communities are increasingly adopting smart technologies to meet the evolving expectations of their residents, positioning themselves at the forefront of innovation in senior living.

Regionally, North America currently holds the largest share of the retirement communities market, driven by a well-established infrastructure, high disposable incomes, and a significant aging population. Europe follows closely, benefiting from similar demographic trends and a strong emphasis on social welfare programs for the elderly. Meanwhile, the Asia Pacific region is anticipated to exhibit the highest growth rate over the forecast period, fueled by rapid urbanization, economic growth, and increasing healthcare investments. Countries such as China, Japan, and India are at the forefront of this expansion, as they adapt to th

Several studies indicate that happiness follows a U-shape over the life cycle: Happiness decreases after the teenage years until reaching its nadir in middle age. A similar number of studies views the U-shape critically, stating that it is the result of the wrong controls or the wrong model. In this paper, we study the upward-pointing branch of the U-shape, tracing the happiness of European citizens 50 and older over multiple waves. Consistent with a U-shape around middle age, we find that happiness initially increases after the age of 50, but commonly stagnates afterwards and eventually reverts at high age. This pattern is generally observed irrespective of the utilized happiness measure, control variables, estimation methods, and the consideration of selection effects due to mortality. However, the strength of this pattern depends on the utilized happiness measure, control variables, and on mortality effects. The general pattern does not emerge for all countries, and is not always observed for women.

Old-age Facilities Construction Market Outlook

The global old-age facilities construction market size was valued at approximately $300 billion in 2023 and is expected to reach around $560 billion by 2032, growing at a CAGR of 6.5% during the forecast period. The growth of the old-age facilities construction market is driven by several factors including the increasing aging population, rising healthcare needs, and the growing demand for specialized care facilities.

One of the primary growth factors for the old-age facilities construction market is the demographic shift towards an aging population. According to the United Nations, the global population aged 65 and over is expected to double by 2050, reaching 1.5 billion. This demographic trend is particularly pronounced in regions such as North America, Europe, and parts of Asia. The increasing proportion of elderly individuals necessitates the development of specialized living facilities that can cater to their unique healthcare and lifestyle needs. As a result, there is a burgeoning demand for nursing homes, assisted living facilities, and other types of senior living communities, driving the market growth.

Additionally, technological advancements in healthcare and construction are significantly contributing to the marketÂ’s expansion. Modern old-age facilities are increasingly being equipped with advanced medical technologies and smart home systems that enhance the quality of care and improve residentsÂ’ quality of life. These innovations include telemedicine capabilities, advanced monitoring systems, and automated emergency response systems. Consequently, the ability of new facilities to offer state-of-the-art healthcare services and enhanced living conditions is attracting investments and fostering market growth.

Economic factors also play a crucial role in the growth of the old-age facilities construction market. Increasing disposable incomes and improved living standards have made senior living communities more accessible to a broader segment of the population. Furthermore, government policies and incentives aimed at enhancing elderly care infrastructure are providing a significant boost to the market. For instance, in many countries, governments are offering grants, subsidies, and tax benefits to encourage the construction and renovation of senior living facilities. These economic incentives are accelerating the development of high-quality old-age facilities worldwide.

As the demand for these facilities grows, there is an increasing emphasis on Elderly Oriented Adaptation in the design and construction of old-age facilities. This involves tailoring environments to better suit the physical and cognitive needs of elderly residents, ensuring safety, accessibility, and comfort. Such adaptations may include features like wider doorways for wheelchair access, non-slip flooring, and intuitive navigation systems to aid those with memory impairments. By focusing on these adaptations, developers can create spaces that not only meet regulatory standards but also enhance the quality of life for seniors, making them feel more at home and secure in their living environments.

Regionally, North America and Europe are leading the market due to their well-established healthcare infrastructure and higher proportion of elderly population. Asia Pacific, however, is anticipated to witness the highest growth rate, driven by rapid urbanization, rising healthcare expenditure, and increasing awareness about elderly care. In countries like Japan and China, the aging population is growing at an unprecedented rate, necessitating the development of comprehensive old-age care facilities. This regional diversification is expected to shape the future landscape of the old-age facilities construction market.

Facility Type Analysis

The old-age facilities construction market can be segmented by facility type into nursing homes, assisted living facilities, independent living facilities, and continuing care retirement communities. Nursing homes are designed to provide extensive medical care and assistance to elderly individuals who require constant supervision and medical attention. These facilities are equipped with specialized medical equipment and staffed by healthcare professionals, making them crucial for seniors with severe health conditions. The demand for nursing homes is partic

Managing funding pressures in the face of high demand from a growing and ageing population, increasingly complex care needs, reduced central government funding to local authorities and rising care costs has been a challenge for Social Services for the Elderly and People with Disabilities. Nonetheless, revenue is expected to grow at a compound annual rate of 2.9% to £8.9 billion over the five years through 2024-25. The UK population is getting older –19% is now aged 65 and over, claims Age UK, with this figure set to shoot up to 22% within the next 10 years. At the same time, the number of people living with disabilities has crept upwards. These factors combine to boost the need for social care services. In spite of this, revenue growth was held back by cuts in local authority expenditure through 2019-20 – driven by austerity – and a shortage of qualified staff. Revenue dropped in 2020-21; after COVID-19 hit, social distancing restrictions limited service provision between March 2020 and July 2021. Revenue began to bounce back once restrictions were lifted and benefitted from a 4.4% rise in the Better Care Fund and a £636 million rise in the government's Social Care Grant in 2022-23. Revenue is anticipated to grow by 3.7% in 2024-25, helped by the DHSC making £4.7 billion available in 2024-25 to support adult scoial care. In the coming years, the industry will remain in high demand as the population ages. The government has committed to addressing challenges in adult social care to help meet growing demand but after scrapping the delayed adult social care reforms, the new Labour government's plans aren't finalised. Over the five years through 2029-30, revenue is forecast to swell at a compound annual rate of 3.1% to £10.4 billion.

The new pension reform of 2023 was adopted on March 17th. But according to a survey conducted at the beginning of March only ** percent of French respondents had accepted the raise of legal retirement age from ** to **. Weaknesses of the pension system When talking about pension schemes, it is common to distinguish between two systems: the distribution system and the capitalization system. The distribution system is based on the principle of solidarity between generations: working people pay monthly contributions to the pension funds, which redistribute them to current retirees. The capitalization system, on the other hand, requires working people to save throughout their working lives, thus accumulating a sort of rent (a capital) that they will draw on once they have retired. While in practice many countries combine the two methods, France is the exception with its system set up in 1945, based solely on distribution. Although it is presented as a stable system, unique in the world, it has a weakness: it depends on demographics and a balanced ratio between the number of active contributors and the number of retirees so that enough people can finance the pensions of older people. Yet, population aging, longer life expectancy, and the growing share of seniors in the French demographic imply that people spend more time in retirement today than they did a few decades ago. This system is therefore tending to run out of steam, which makes the question of its financing a key issue. Hence the desire of the public authorities to seek solutions to ensure its sustainability and the reform proposals. Raising legal retirement age, an ineffective measure? If the COVID 19 pandemic had made Emmanuel Macron renounce his project of universal pension - then considered unfair by Solidaires Finances Publiques (1st union of the French Public Finance Department) - the government would not abandoned the idea of a reform, which made the preservation of the social model depend. This time, the goal is financial: pension expenses represented **** percent of the gross domestic product in 2023, and are increasing, and the current government persists in wanting to reduce the share of wealth devoted to these expenses. However, although the postponement of the legal retirement age is presented as a necessary measure by the government, Solidaires Finances Publiques estimated, in its fiscal and social report of the five-year term, that "in a context of mass unemployment, raising the retirement age is an economic aberration that only shifts the question of financing inactivity to other social benefits (unemployment, disability, minimum income)". According to the Cour des Comptes (France's supreme audit institution), the increase in the legal retirement age from ** to ** in 2017 generated approximately ************* euros in additional expenses. Raising the legal retirement age without addressing the issue of unemployment, and in particular that of seniors, and without measures to improve working conditions would thus be a dead end according to unions.Presenting pension reform as the only way to preserve the French social model has an advantage for the presidential majority. This assertion makes it possible to disqualify anyone who would protest against the reform, which many consider to be anti-social and which would lead to a significant loss of income for part of the population. By making the pension reform the only way to preserve a unique system in the world, the government, through its rhetoric, presents the opponents as the destroyers of the French social system, which it could perpetuate by making other budgetary choices, such as the fight against tax evasion, which costs France several billions of euros each year, the implementation of a tax on super-profits, or the re-establishment of the wealth tax.

1 Data for the baseline and IV regression. 2 Data for the heterogeneity analysis. 3 Notes.

As of January 2024, the population aged over 65 years in Spain amounted to **** million people, thus continuing the upward trend witnessed in previous years. Between 2002 and 2024, the elderly population increased by almost ***** million. According to recent data, people aged over 65 years represent nearly a fifth of the Spanish population. Ageism, a growing concern As it is happening in most advanced economies, the Spanish population is getting older. The Mediterranean country featured a median age of **** years in 2020, and it is forecast to reach 51.8 years in 2050. Life expectancy and the fertility rate are experiencing opposite trends, and while the former keeps improving, the latter continue to decrease. As a result, the Spanish population pyramid is turning into the contracting type, which has worrying social and economic consequences. Poverty among seniors The average amount of a retirement pension in the country is just over ***** euros a month, though this figure depends on the scheme and place of residence. There were almost *** million persons receiving a monthly retirement pension which amounted to *** euros or less in 2023. This scarce allowance can be insufficient to provide a good quality of life. Most recent data shows that over ** percent of those aged 65 or older were at risk of poverty, an extremely high rate even though this was one of the age groups that featured the lowest risk of poverty. On average, ** percent of the spending among this age group is channeled towards housing, water, electricity and fuels, which leaves little room for spending on other items (food, dress, services, etc.) for those millions of people whose retirement pension is not even close to the national minimum wage. For more data on this topic, check Statista's report on Seniors in Spain.

IntroductionThe number and proportion of older adults living alone is a significant issue. While the number of the oldest old people is also expected to increase, their health characteristics are poorly understood. This study aims to evaluate the health-related quality of life (HRQoL) of the oldest old people according to age, sex, and living arrangements.MethodsThis study is based on the Korea Community Health Survey 2021. Among the survey's 229,242 observations, 73,617 observations aged 65 or higher were used for the analysis. The study participants were divided into 5-year age intervals (from 65–69 to 90+), sex, and living arrangements. The outcome variables are the EuroQol 5 Dimensions (EQ-5D) index score and the problem reporting rates of the five dimensions of EQ-5D.ResultsThe mean EQ-5D index scores were 0.896 at 65–69 and 0.741 at 90+. The mean EQ-5D index score decreased more rapidly as age increased. Women showed consistently lower mean EQ-5D index scores than men in all age intervals. The proportion of older adults living alone increased from 18.1% at 65–69 to 43.6% at 90+. The odds of reporting problems with anxiety/depression among older men living alone were estimated to be significantly higher than older men living with someone (aOR 1.22 95% CI 1.05–1.43). The odds of reporting problems in self-care and usual activity among older women living alone were estimated to be significantly lower than older women living with someone (aOR 0.88 95% CI 0.70–0.83 and aOR 0.88 95% CI 0.82–0.94)ConclusionThis study showed that older adults' HRQoL deteriorates as their age increases. Moreover, living alone may lead to different effects on older adults' HRQoL according to sex. More comprehensive studies and collaborative attention are needed to identify and provide customized care for older adults.

About this dataset

Context

The dataset tabulates the data for the Grow, Wisconsin population pyramid, which represents the Grow town population distribution across age and gender, using estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates. It lists the male and female population for each age group, along with the total population for those age groups. Higher numbers at the bottom of the table suggest population growth, whereas higher numbers at the top indicate declining birth rates. Furthermore, the dataset can be utilized to understand the youth dependency ratio, old-age dependency ratio, total dependency ratio, and potential support ratio.

Key observations

• Youth dependency ratio, which is the number of children aged 0-14 per 100 persons aged 15-64, for Grow, Wisconsin, is 49.1.
• Old-age dependency ratio, which is the number of persons aged 65 or over per 100 persons aged 15-64, for Grow, Wisconsin, is 23.9.
• Total dependency ratio for Grow, Wisconsin is 73.0.
• Potential support ratio, which is the number of youth (working age population) per elderly, for Grow, Wisconsin is 4.2.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates.

Age groups:

• Under 5 years
• 5 to 9 years
• 10 to 14 years
• 15 to 19 years
• 20 to 24 years
• 25 to 29 years
• 30 to 34 years
• 35 to 39 years
• 40 to 44 years
• 45 to 49 years
• 50 to 54 years
• 55 to 59 years
• 60 to 64 years
• 65 to 69 years
• 70 to 74 years
• 75 to 79 years
• 80 to 84 years
• 85 years and over

Variables / Data Columns

• Age Group: This column displays the age group for the Grow town population analysis. Total expected values are 18 and are define above in the age groups section.
• Population (Male): The male population in the Grow town for the selected age group is shown in the following column.
• Population (Female): The female population in the Grow town for the selected age group is shown in the following column.
• Total Population: The total population of the Grow town for the selected age group is shown in the following column.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Grow town Population by Age. You can refer the same here

Snapshot img

Assisted Living Software Market Size 2024-2028

The Assisted Living Software Market size is forecast to increase by USD 682.51 million, at a CAGR of 15.9% between 2023 and 2028. The market's growth rate is influenced by various factors, notably the ageing baby boomer population requiring more comprehensive healthcare services. Additionally, there's an increased need for electronic medication administration record (eMAR) integration, driven by the rising complexity of medication management. Furthermore, the growing demand for improved quality of care, especially in long-term care facilities and hospitals, is fostering the adoption of advanced healthcare solutions. These trends indicate a significant shift towards digitalization and technology-enabled healthcare services to meet the evolving needs of patients and healthcare providers alike. The assisted living software market industry report includes key drivers, trends, and challenges of the market during the forecasted period.

Assisted Living Software Market Overview

For More Highlights About the Assisted Living Software Market Research Report, Download Free Sample in a Minute

Market Dynamics and Customer Landscape

The market is driven by the increasing demand for real-time services in the healthcare sector. Patient care, especially in long-term healthcare, is being revolutionized through automation and advanced analytical tools. Integration of various systems, including eMAR and workflow automation, enhances efficiency and patient details. Governments' advances in reimbursements support the adoption of these technologies. However, concerns about data breaches highlight the importance of cloud security and open source solutions. Companies like BEK Medical, an Israel-based company, offer a wide range of home medical equipment, including compression stockings and diabetic testing equipment, at affordable prices, meeting the rising assisted living software market demand for patient healthcare and prescription processing. Further, the market advancing with solutions integrating advanced analytics for enhanced management of mobility products and incontinence supplies. These technologies streamline operations, ensuring efficient care delivery and inventory management in assisted living facilities. By leveraging data-driven insights, providers optimize resident care and operational workflows, catering to the growing demand for integrated solutions in the healthcare sector.

Key Assisted Living Software Market Driver

One of the key factors driving the market development is the aging baby boomer population. The most significant demographic trends across the world include the growing population of individuals aged 65 years and older. In addition, baby boomers are individuals born between 1946 and 1964. Furthermore, as the number of retired baby boomers who are aging increases, there will be an increase in the need for nursing care.

Moreover, the obesity rate among elderly people is on the rise, which has resulted in more people facing the risk of disability and chronic diseases. Therefore, in such cases, it becomes challenging for family members to take care of their older family members. Thus, old age communities are suitable options for a comfortable and healthy life as they offer options along with certified nursing care. Hence, such factors are positively impacting the market which in turn drives the market expansion during the forecast period.

Significant Assisted Living Software Market Trends

A key factor shaping the market development is the increased adoption of analytics in software. Big data and analytics are gaining traction in the industry as various analytical and statistical modeling tools are being used in facilities to get structured and meaningful insights about operations. In addition, assisted living care provider organizations are generating a massive amount of data, such as resident health information records, and non-clinical data, such as administrative and financial data.

Moreover, the increasing volume, variety, and velocity of clinical and non-clinical data have compelled organizations to implement statistical tools, data science, and deal mining technology. Furthermore, the software integrated with analytics tools is helping care providers to determine the resident data, insurance data, prescription transaction data, prescription processing, and refill inventories for a specific period. Hence, such factors are driving assisted living software market growth during the forecast period.

Major Assisted Living Software Market Restrain

Data privacy and security concerns regarding software are one of the key challenges hindering market development. The shift to assisted living in the digital age is exciting, but the challenges associated with protecting data are getting more complex. In addition, assisted living care providers must ensure the safety of data and malware-free

Elderly Nutrition Supplement Market Outlook

The global elderly nutrition supplement market size was valued at approximately USD 12.8 billion in 2023 and is expected to reach USD 22.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2%. One of the primary drivers of this substantial growth is the increasing geriatric population worldwide, coupled with heightened awareness of the importance of maintaining health and wellness in older age.

The aging population is a significant factor propelling the growth of the elderly nutrition supplement market. As people age, their nutritional needs change, necessitating a higher intake of certain vitamins, minerals, and other nutrients to maintain health and quality of life. This demographic shift is more pronounced in developed countries, where a higher proportion of the population is aged 60 and above. Increased life expectancy due to advances in healthcare and living standards is another factor contributing to the growing demand for elderly nutrition supplements. Governments and health organizations are also focusing on geriatric care, further encouraging the consumption of these supplements.

Another notable growth factor is the rising awareness and education around the role of nutrition in aging. With the proliferation of information through various media channels, elderly individuals and their caregivers are more informed about the benefits of nutritional supplements in managing age-related conditions such as osteoporosis, cognitive decline, and weakened immune systems. This growing awareness is driving demand for a wide range of nutritional supplements specifically designed for the elderly. Additionally, the advent of personalized nutrition, where supplements are tailored to an individual’s specific health needs, is gaining traction and driving market growth.

Technological advancements in the formulation and delivery of supplements are also supporting market expansion. Innovations such as nanoencapsulation and advanced extraction techniques are enhancing the efficacy and bioavailability of supplements, making them more effective and appealing to elderly consumers. Furthermore, the convenience of various supplement forms, such as tablets, capsules, powders, and liquids, caters to the diverse preferences of elderly individuals. The development of palatable and easy-to-consume products is particularly important, given the often-declining appetite and digestive capabilities in older adults.

Regionally, North America and Europe currently dominate the elderly nutrition supplement market due to their substantial aging populations and well-established healthcare infrastructure. However, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period. This growth is driven by a rapidly increasing elderly population, coupled with rising disposable incomes and greater health consciousness. Countries such as Japan, China, and India are expected to be key contributors to this growth. Government initiatives aimed at improving elderly care and nutrition further bolster the market in these regions.

Product Type Analysis

The elderly nutrition supplement market is segmented by product type into vitamins & minerals, protein supplements, herbal supplements, omega-3 fatty acids, and others. Vitamins and minerals constitute a significant portion of the market, as they address common deficiencies in the elderly, such as vitamin D, calcium, and B vitamins. These supplements are crucial for maintaining bone health, cognitive function, and overall vitality. The widespread use and well-documented benefits of vitamins and minerals make them a staple in elderly nutrition.

Protein supplements are another vital segment, addressing the need for muscle maintenance and repair in older adults. Sarcopenia, the age-related loss of muscle mass and strength, is a prevalent concern among the elderly, and adequate protein intake is essential for mitigating this condition. Protein supplements, available in various forms such as powders and ready-to-drink shakes, provide a convenient and effective means for elderly individuals to meet their protein requirements, thereby supporting mobility and physical function.

Herbal supplements are gaining popularity due to their perceived natural benefits and lower risk of side effects. These supplements often include ingredients such as ginseng, ginkgo biloba, and turmeric, which are believed to enhance cognitive function, reduce inflammation, and boost overall wellness. The growing trend towards natural and holistic health sol