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Council Member Hudson presents aging population statistics and NYC Aging's capital budget
2:16:36
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44 sec
Council Member Crystal Hudson presents statistics on the growing older adult population in New York City and raises concerns about NYC Aging's capital budget. She highlights that older adults represent 20% of the city's population, with projections showing a 40% increase by 2040. Despite this growth, NYC Aging's capital budget for FY 2025-2029 totals only $85,100,000.
- The population of adults 65 and older in New York State is expected to increase by 25% between 2021 and 2040.
- In New York City, the older adult population is projected to grow by 40% by 2040.
- Hudson expresses concern about the limited capital budget in light of the growing population and increased need for resources.
Crystal Hudson
2:16:36
Thank you so much.
2:16:39
As you know, but I'm always gonna share the statistics, older adults represent 20% of the city's population.
2:16:46
A 2021 CUNY Graduate Center study reports that the population of adults ages 65 and older in New York State will soar 25% between 2021 and 2040.
2:16:57
In the city alone, the population of older adults is expected to increase by 40% by the year 2040.
2:17:03
Despite the growth in the city's older adult population and the increased need for resources to repair deteriorating infrastructure, NYC Aging's capital budget totals only $85,100,000 between fiscal twenty twenty five to fiscal twenty twenty nine in the executive commitment plan.