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Projection to 2040Figure 1. Hawaiʻi State 60+ Popula?on Source: The State of Hawai'i Data Book 2020 466,636 434,959 371,105 281,210 <br /> <br />PART I <br />Overview of the Older Adult Population, Existing Programs, <br />Services, Initiatives, and Unmet Needs <br /> <br /> <br />A. Overview of the Older Adult Population <br /> <br />Population Profile <br />The national older population is expected to continue to grow significantly in the <br />near future. More than two-fifths (41%) of the “baby boom” generation is now <br />age 65 and older. The population age 65 and older increased from 39.6 million in <br />2009 to 54.1 million in 2019 (a 36% increase) and is projected to reach 94.7 million <br />in 2060. By 2040, there will be about 80.8 million older persons, more than twice <br />as many as in 2000. People aged 65 and older represented 16% of the population <br />in the year 2019 but are expected to grow to be 21.6% of the population by 2040. <br />The 85 and older population is projected to more than double from 6.6 million in <br /> <br />2019 to 14.4 million in 2040 (a 118% increase). (2020 Profile of Older Americans, ACL) <br /> <br />The aging American population will have wide-ranging implications socially and economically for families, <br />businesses, health care, and service providers. The projected growth of the older population will present <br />challenges to policy makers and programs, including Social Security, Medicare, and Medicaid. There will also <br />be large increases in the need for elderly housing, transportation, recreation, education, health, nutrition, <br />and in-home services, among others. From 2010 to 2040, the elderly population of the State of Hawaiʻi is <br />expected to grow by 73%. (Figure 1) <br /> <br /> <br /> <br />19 <br /> <br /> <br />