While the overall U.S. population is expected to grow by more than 10 percent by 2032, the 65 and older population is expected to rise by 48 percent. (Photo: Getty)

Between a growing and aging population and longer life spans, there will be nearly 122,000 fewer physicians than are needed by 2032.

That’s according to new data from the Association of American Medical Colleges, which has previously projected similar shortfalls ranging from 46,900 to 121,900 physicians.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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