Robots.
Robots.
Here is Atlas: https://www.youtube.com/watch?v=rVlhMGQgDkY
I don't think we need 30y for a real robot application for old people. This could be in less than 10 years.
(I am dodging the other half of the question regarding who pays for it.)
So far, no robot seems even close to taking on the everyday tasks performed by low-wage nursing home employees in the US. But take a look at "Babyloid" and "Pepper". They are robots designed to socially engage with people, so they don't get lonely and depressed.
Japan's elderly may soon be conversing with chatbots more often than living people. Baby Boomers in the US had better take note.
I'm not sure that makes sense - don't TV and Skype solve that problem just fine? I mean, why would old people talk to robots instead of other old people - unless they want to, that is, but then I'd guess this trend wouldn't (isn't) be limited to just old people...
Wait until they start "getting the savings out of the stock market" (eg to pay for robots or medicine). This wont be a "pleasent" day at all. Guess what, the stock market will collaps! There is no one buying all those stocks!(its the same with insurance. where is the insurance "invested"?)...their savings will evaporate, they dont have children or the children will be gone (to foreign nations).
Its looking grim for those ruthless, egoistic baby boomers. They just dont understand this yet.