The Alzheimer’s Association has nicknamed the baby boomer generation “Generation Alzheimer’s” in a new report, since one in eight boomers is expected to develop the disease, for which there is no cure. Deaths related to Alzheimer’s are soaring, increasing 66 percent between 2000 and 2008, and scientists predict an approaching tipping point.
The report found that most of America’s greatest generation will spend their retirement years with Alzheimer’s or caring for someone who has it. About 13.5 million Americans are expected to suffer from Alzheimer’s by 2050, costing an estimated $1.078 trillion in current U.S. dollars.
The report also concluded that Alzheimer’s research is underfunded. “If you think finding a cure is expensive, consider the cost of facing people living with the disease and taking care of them” the report urged. “Every day brings us closer to a cure. An additional commitment through a public private partnership could push us over the edge.”