As baby boomers age, home care industry grows
An estimated 170 million Americans will need home-based care in the near future
When it comes right down to it, it’s hard to believe the senior home care industry hasn’t grown even more than it has.
Begun in 1880s, home care constitutes a growing industry of more than 33,000 providers serving an estimated 12 million clients. In 2009, the annual expenditures for home health care topped $72 billion, according to National Association for Home Care & Hospice based in Washington, D.C.
“There are 78 million baby boomers that will becoming the majority – 11,000 a day [turning 65] for the next 19 years. That will change every facet of society,” association President Val Halamandaris said. “America is going to go so far as to be a geritocracy.”
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