Most educated readers of this publication are likely aware of the changing global population trends, with the blossoming number of seniors certainly being one of the most impactful. Persons 65 years or older represented 14.5% of the U.S. population in 2014 and that number is expected to grow to be 21.7% of the population by 2040. World-wide, the number of older people is projected to increase more than 60 percent in just 15 years—in 2030, there will be about 1 billion older people, equivalent to 12.0 percent of the total population.
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