Anavex Life Sciences Corp (AVXL)

[XenaLives]

No they were probably in the homes of overworked family caregivers.

The last time they need is a third full time job, which would equate to 24/7 employment.

1) Real world job
2) Taking care of mum or pop
3) Acting as a legal and medical advocate, dietitian, and physical therapist for mum or pop.

The truth is that the elderly are not getting the best possible care under current standards because it isn't possible financially or physically due to finite resources. It is completely absurd to propose a program that requires effort and resources that is magnitudes above the current SOC. (referring to the exhasustive program proposed in this link: https://www.prweb.com/releases/reversal_of_cognitive_decline_100_patients/prweb15929561.htm)

It ain't gonna happen.

As the Baby Boom generation ages, 10,000 people turn 65 daily. For the first time in U.S. history, there are more than 50 million seniors. This trend is expected to continue until 2029, when the youngest Baby Boomers will turn 65 years old. A third of those older than 65 live alone, and half of the "oldest old" — those beyond 85 — are on their own at this late life stage.

The aging population, coupled with the high cost of senior living and in-home care, is driving a growing demand for family caregivers – a trend that is expected to continue through the next several decades and beyond.

This guide provides a comprehensive look at the state of caregiving in 2018, as well as information to help family caregivers move forward with practical tools they can use today.

THE NEW NORMAL
A 2015 survey conducted by the National Alliance for Caregiving and AARP, Caregiving in the U.S., approximately 34.2 million Americans provided unpaid care to an adult age 50 or older in the last 12 months, while 43.5 million provided unpaid care to an adult or child during the same 12-month period. Other findings include:

More than 8 out of 10 caregivers (82%) provide unpaid care for one other adult.
--15% provide care for two adults.
--3% provide unpaid care for three or more adults.
--16.6% of Americans (39.8 million caregivers) provide care for an adult (age 18 or older) with a disability or illness.

In a new Merrill Lynch study, eight in ten Americans say caregiving is "the new normal." While four in ten Americans 50+ believe they're likely to need care at some point in their lives, the truth is, seven in ten Americans turning 65 today will need care for prolonged periods.

The price tag for informal caregiving is staggering: more than $500 billion. If these family members were replaced with skilled nursing care, the cost would jump to $642 billion annually. In fact, in 2013, the value of unpaid care exceeded the total value of Medicaid spending and paid home care in the same year – a total of $470 billion, an increase of $20 billion from 2009.

These numbers only continue to climb as the population ages. And aging it is, with the U.S. Census Bureau reporting that the number of U.S. residents age 65 and older reaching 49.2 million (15.2% of the population) in 2016, a rise from 35 million (12.4% of the U.S. population) in the year 2000. The median age is also increasing in many areas of the U.S. In 2016, two-thirds of all counties (66.7%) in the United States experienced an increase in median age, and two counties had median ages over 60:

--Sumter, Florida: 67.1 years
--Catron, New Mexico: 60.5 years

Between 2000 and 2016, nearly all counties (95.2%) across the U.S. experienced an increase in median age, with 56 counties having an increase in median age of 10 or more years. This trend is driven by a longer life expectancy: The average life expectancy in the U.S. was 68 years in 1950, rising to 79 years by 2013.



...

Caregivers of adults are 49.2 years old, on average, but nearly half (48%) of all caregivers of adults are between the ages of 18 and 49. Caregivers who provide more hours of care per week tend to be older (an average of 51.8 years old) compared to those who provide less hours of care per week (48.0 years old). Overall, the majority of caregivers are adults between the ages of 45 and 64, with nearly one-fourth (23%) of adults in this age group caring for an aging adult. Nearly one in five (17%) of adults age 65 and older are caring for an aging adult, and among this group, 29% are providing care for a spouse or partner, while 33% are providing care for a friend or neighbor.




... full article at link below

https://blog.caregiverhomes.com/stateofcaregiving