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News Article

Colorado must "act now" to address aging population, rising costs, study says

November 29, 2016

By Brian Eason

The Denver Post

Karen Brown thought her mother was set financially. She was 92, and had $750,000 saved up to live out her days comfortably.

Then her mother had a stroke. And a lifetime of savings evaporated in a few short years. First it was $150,000 a year for 24/7 care. Then $85,000 annually as she transitioned to assisted living.

By last May, Brown’s mother had spent all she had, and was forced to rely on Medicaid — and her daughter — to make ends meet.

Colorado faces looming challenges with aging population

November 29, 2016

By: James Anderson

The Associated Press

DENVER (AP) — Colorado needs to create a top executive-level position in state government to help public and private groups handle the needs of the state's rapidly-growing population of those 65 and older, a task force reported Tuesday.

The population of those 65 and older in Colorado is expected to double to 1.3 million by 2030 — representing about 20 percent of the state's total projected population, according to the Strategic Action Planning Group on Aging report .

Statewide Planning Group Urges Colorado Leaders to Prepare for Aging, Act

November 29, 2016

DENVER — The Strategic Action Planning Group on Aging issued its first series of recommendations today to the Colorado General Assembly and Governor’s Office. The Planning Group, created in 2015, urged policymakers to take a series of concrete steps to help the state prepare for its growing aging population — which is expected to grow by more than half a million people between now and 2030.

The Planning Group recommended that state leaders:

Legislature plans for state's aging Boomers

The number of Baby Boomers in Colorado — people 65 and older — is one of the fastest growing age groups in the country. In 15 years, it will more than double. Eyeing this demographic shift, state lawmakers are creating a strategic planning group to address everything from transportation infrastructure to the state's budget. Their plan is due next November.