Over 46 million
According to a 2013 statistical report from the Center of Disease Control and Prevention (CDC), "The Status of Aging & Health in America", the growth of the number of older adults (65+) is unprecedented in our history and is expected to double in proportion to about 72 million by 2038; which in perspective of our population is equivalent to over 20%. Also, according to a 2014 statistical report from the Federal Interagency Forum On Aging, 20 million of this population will be 85 and over by the year 2060.
(Update: The U.S. Census reports that the population of those 65+ is at 14% as of 2016; margin error of +/-5. This is 46,180,632 individuals with a median age of 73.3)
When we combine these statistics with those of poverty and income distribution, we can see a special need evolving. It is one that we are beginning to hear about, through media sources, on the economic status of our countries middle class. The statistical report above records that in a comparison from 1974 to 2014 the proportion of those 65+ has declined from a poverty rate of 23% to 10%. This decline in poverty, in turn, also affects the economic status of those individuals as it moved their median incomes from an average of $22,921 to $36,895. Although these statistics show an improvement in their economic status, the statistic that is most alarming is that 39% of our older American citizens live in costly, inadequate and crowded housing; which can cause physical and/or psychological problems to their well-being. (2% of those 65+receive cash public assistance) .
Of the older American's that are currently 65+, veterans make up 9.9 million of this population as of 2015. It is partially due to this group of people that the economic situation of the elderly has evolved from the ranks of poverty to attaining an average median family income. Most who have served in the military are considered to range in the higher median economical class, but also have a greater likelihood of having a disability, therefore, increasing the likely hood of the need of assistance in housing.
SHLF in collaboration with HUD and their partnership with the VA is working to reduce the homelessness of our veterans to zero; the goal of the U.S. Department of Veterans Affairs. Reports show that there has been a decline of 47% of veterans who are homeless from 2010 to 2016, but about 40,000 still remain without shelter.
After experiencing the long illness of our mother and her decision to "age in place", SHLF was established to address this epidemic that is spreading across America and will continue to increase according to the statistics above. Research has shown that a large percentage of "baby boomers" would like to "age in place". This means they do not want to be placed in nursing homes and/or living assistance housing. SHLF is working to make it a reality, one family at a time, by providing those at risk with alternative solutions to assist them in their efforts.
1929 to 2016