New studies have shown that the costs of long-term care services are increasing faster than the rate of inflation. By 2050, it is estimated that long-term care in the United States will exceed $379 billion. Despite these rising costs, the demand for home care services has increased and the cost of home care from a non-medical home health aide has remained the same throughout most areas of the country.
Due to the shortage of available caregivers, the cost of long-term care services continues to rise. It is predicted that by 2030, the number of seniors aged 65 and older will double, requiring the U.S. to recruit 200,000 direct-care workers each year to meet the future demand of the aging population.
According to the 2000 Census, 35 million Americans were counted as aged 65 years and older, a 12% from the 1990 Census when 31.2 million American seniors were counted.
According to the Department of Health and Human Services, 30% of Americans will voluntarily provide unpaid home care to their elderly loved ones.
According to The National Council on Aging and The Pew Charitable Trusts, almost 7 million Americans are currently providing or managing care for a senior loved one aged 65 or older and lives at least one hour away.
According to the National Council on Aging, 15 million working days are missed each year due to long-distance caregiving.