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It's been happening for a while. Aged care is very expensive, and is often secured with assets. These places will take all the hoarded wealth before it can transfer to anyone who needs it.
Some would say the answer is to not outsource care of our loved ones, but how do we do that without housing or job security, in an economy where nobody has the time for it?
I guess they'll die
There is also the faintest possible possibility that some sort of home health care robot will become available in the next 20 years or so, but it'll probably be very expensive.
20 years?
You know boomers are already 70+ right? In 20 years they’ll all mostly be dead anyway and their wealth sucked up by medical debt and end of life care services.
Well then maybe Gen X will get them.