The Chicago-based organization said one in eight baby boomers will be afflicted with the disease in their lifetime, which could put a huge burden on families and the struggling healthcare system.
The study found Medicate spending will jump to $38 billion in 2025 when those born between 1946 and 1964 start to reach the median age for nursing home admissions.
A separate study out today in the Annals of Internal Medicine found 22% of people 71 and older have begun to see their mental function decline. That translates to 5.4-million people.
The findings show that mild cognitive problems are as common as diabetes in this age group. This is said to be the first national estimate of how commonly the minds of aging Americans are starting to fade.