Originally Posted by
minimoke
The housing market may be slowing. but one thing isn't. And thats the rate of our aging population needing care.
In terms of current numbers over 30% of people aged over 65 - 74 will suffer from obesity, chronic pain or arthritis. All conditions that will require some degree of care. By the time people hit 75 obesity will have killed a few off. But the chronic pain and arthritis lingers as you get older.
From a 2014 research paper: “Dementia is a disease of ageing with the prevalence of 1-2% in those 65-74 years of age and increasing to 40% in people over 90 years of age (Treves & Korczyn, 2012). Over 41,000 New Zealanders are currently living with dementia pre and this will almost double to 75,000 people by 2026.”
Then from local aging population research by 2036 1.26m NZ’ers are expected to be aged over 65. 392,000 of these people will be aged over 80. And 14,500 will be aged over 95.