RISING AGING POPULATION WILL COMPLICATE NC’S FUTURE STATE BUDGET ISSUES
June 16, 2009
A new study by the N.C. Center for Public Policy Research finds that North Carolina’s older population is expected to double by 2030, rising from 1.1 million to 2.2 million. By 2030, one of every five Americans will be 65 or older. The Center says these demographic changes will force North Carolina to deal with four public policy issues: differences in financial well-being among the elderly, the different needs of urban and rural seniors, work force shortages in health professions, and state budget implications.
“The Baby Boomers are the second largest generation in American history, and they are going to start turning 65 in 2011,” says Mebane Rash, the editor of the Center’s journal, North Carolina Insight. “In 2011, the state will still be recovering from the Great Recession – just when it needs to respond to this demographic shift. Right now, we are not ready.”
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