There are currently 5.2 Americans suffering from Alzheimer's disease and at least 10.2 million unpaid caretakers across the country, according to the Alzheimer's Assocation, and a recent report has revealed that pharmaceutical companies are working on 98 different medicines to help treat the illness.
These remedies may be particularly important in the near future, as the cost of Alzheimer's disease is predicted to reach $1.08 billion by 2050 if there is little done to treat it.
John Castellani, CEO of the Pharmaceutical Research and Manufacturers of America, claims that there will also be 13.5 million Americans who will not have undergone proper planning for this disease.
Alzheimer's care affects many different generations, and adult children often struggle to with responsibilities to their older parents.
"[This] is the health care crisis of our generation-and our children's generation," said George Vradenburg, chairman of USAgainstAlzheimers said in a statement. "Ten million American Baby Boomers will die of the disease-and Medicare and Medicaid will go bankrupt-without action."
The Shriver report has recently discovered that the cost of caring for a senior with Alzheimer's is approximately $56,800 a year, most of which is incurred by other family members.