People born during the baby boom of the 1950s and ’60s are already used to the phenomenon of there being too many of them where ever they go, whether it was in school as children, or today on the labor market as workers. And soon, there will be too many of them needing to be cared for in nursing homes.
With this demographic development, the country faces a looming shortage in nursing-home care. In fact in order to care for the baby-boomer generation, tens of billions of euros will need to be spent on the construction of new retirement homes between now and 2030.
In 14 years, Germany will require up to 321,000 new beds in nursing-care facilities, according to the projections in a 2015 nursing care report. By 2030, the construction of new retirement homes will require €80 billion ($88 billion) in investments, the forecasts say.