www.Yestowellness.com  :A scary FACT  from article cnbc > A MUST READ for young and middle age people

Call it the Gray Tsunami. In less than 40 years, the number of people in the world age 80 and older will quadruple. That means a historically unprecedented number of people will need crushingly expensive long-term care, much of it provided by their unprepared children and grandchildren. Yet few countries around the world are paying much attention, at least not yet.

 “There will have to be some kind of dramatic shift in the ways things work,” said Laurie Orlov, an analyst for the Phillips Center for Health and Well-being Aging Well Think Tank.

Why? Because not only is long-term care expensive, it is also not typically covered by health insurance. In the U.S., about 70 percent of the current population of those 65 and above will at some point need long-term care — defined as assistance over an extended time to manage conditions such as arthritis, a stroke or dementia. Long-term care can include assistance in your home, an assisted living facility or a nursing facility.

And the number of Americans who need that care will soon rise steeply: According to a study by the Deloitte Center for Health Solutions, the projected population in 2050 of individuals age 65 and above is 88.5 million — 20 percent of the total population at that time. That’s an increase of 49.6 million from 2008, when the figures were 38.9 million people 65 and over, or 13 percent of the total population.

Even now, 9 million Americans receive long-term care services from family members and friends, at an estimated cost of $199 billion annually.

Most European countries have begun to put in place mechanisms to fund long-term care. But only four countries worldwide — Germany, Japan, the Netherlands, and South Korea — have long-term care insurance systems. Germany’s fully covers the cost of care for six months.

 Asia, home to some of the world’s fastest-growing economies, is also aging fast. 

According to a United Nations estimate, 62 percent of the population in the Asia Pacific region will be 60 years and above by 2050.

More research from the U.S.-based East-West Center forecasts Asia’s average age will increase to 40 years in 2050 from 29 in 2000. 



The world’s third-largest economy, Japan, is getting older at the fastest pace. By 2025, nearly 30 percent of its population will be 60 and above, according to the UN. T

he world’s most populous country, China, will also have 250 million people over the age of 60 by 2025 — a 35 percent increase from 2009, according to government statistics. 



Asia, which has played a major role in powering global growth over the past few decades, is undergoing a major demographic change that presents both challenges and opportunities. 



From a boom in healthcare services and insurance products to changing dynamics in labor markets, we map the emerging trends resulting from this dramatic demographic shift

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