Alongside Nationwide, Team Neverland is committed to improving life in retirement. Beginning January 2020, we identified worth-solving pain points and brainstormed opportunities to design for our users: aging adults and their children.
BY THE NUMBERS
The number of older adults will more than double by 2050, representing over 20% of the population.
Source: AARP Aging Readiness Report
There are at least 17.7 million non-professional individuals caring for someone aged 65 and older.
Source: National Academies of Sciences, Engineering & Medicine
With an aging population in the U.S., this is slated to grow.
In 2018 just 6% of Americans age 50+ had long-term care insurance.
Long-term care insurance covers some costs associated with assisted living and in-home care. However, fewer insurers are offering these plans, and annual premium costs can be prohibitive.