Seniors Increasing
Just like the song, Bermuda truly is another world, but we have problems and issues just like any other country. One of the biggest challenges that developed countries are experiencing is an ever expanding senior population. Thanks to advances in science, technology and medicine, significant reductions have occurred in infant and maternal mortality and potentially lethal infectious and parasitic epidemics. In short, people are living longer.
This has resulted in many more individuals aged 65 and over than those under 65, meaning there is less money available through taxation to support the growing senior population which, by the year 2030, could be as high as 14,554 from 8,313 in 2010. That's 14,554 seniors that will require housing, medical care, employment and, of course, their pension benefits to ensure their financial needs are supplemented. But what about those seniors that do not have family support or the young people that will need to find people to help take care of them, this is unsustainable for Bermuda.