Franchise Times August 11, 2022
In 2019, the United Nations estimated there was a worldwide population of 703 million people age 65 and older. By 2050, the U.N. estimates the number will reach 1.5 billion.
Jeff Huber, the global chief brand officer of Home Instead, called the change a “massive demographic shift.”
“For the first time in history, there’s more older people than young,” Huber said. “Years ago, we used to talk about how every day, 10,000 people were turning 65. In a couple of years, that will be 10,000 people turning 80, and that’s about the time when the average person becomes a client.”
The number is backed up by research from the Administration of Community Living, which found that 70 percent of older...
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