With nearly 80 million Baby Boomers approaching retirement age, America is facing a critical crisis. There simply aren뭪 enough doctors to care for the aging population.
Currently, the U.S. produces about 25,000 doctors a year. To keep up with the demographic trends, we뭠l need between 3,000 and 10,000 more per year. Making matters worse is how long it takes to train a physician ?an entire decade ?which means that by the year 2020, the U.S. will face a shortage of as many as 200,000 doctors, according to a recent report in USA Today. |
As we’ve forecasted previously in Trends, the prices of higher-end homes, which cost $1 million and up, have softened in recent months. But overall, U.S. housing prices have continued to rise, climbing 14.5 percent in the year ending June 30, 2005. That’s the fastest annual pace in 25 years. |