Forty million Americans (13 percent of the population) are over the age of 65; by 2050, this number is projected to more than double to 88.5 million (20 percent). In addition, 5.7 million Americans (1.8 percent) are over the age of 85; by 2050, this number is projected to more than triple to 19 million (4.4 percent). Fifty percent of individuals over 85 will need assistance with daily functioning, and their home care can cost from $55,000 to $75,000 a year and up to $180,000 annually ...

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