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28 Senior Care Statistics

As the aging population grows and shifts the demographic pyramid, the need for quality specialized care for seniors will rise. Ease and comfort for the eldest citizens of society should be readily accessible and available. The statistics paint an accurate picture of the growing importance of eldercare

Aging society and demand for senior care

  • 16% of the population in the United States is 65 years and older (EPTA, 2019) 
  • It is estimated that by 2060 one out of four Americans will be classified as elderly (Census, 2014) 
  • The home care market is expected to grow to $225 billion by 2024 (Businessinsider, 2019) 
  • 7% of adults aged 65 and over needed help with personal care from other people (Tableau, 2019) 
  • Women were more likely to need help with personal care than men (Tableau, 2019) 
  • 7 out of 10 people over the age of 65 will require long term care (Longtermcare, 2017) 

In-home care

  • 80% of elderly Americans opted to live in their private homes rather than in institutions or specialized facilities (Census, 2014) 
  • Around 12 million people in the U.S. receive home care (1800homecare, 2017) 
  • 44% of home care recipients needed help and assistance with at least one daily activity, 83% need help with bathing and showering (CDC2004) 
  • Most patients received medical/skilled nursing services (75%), personal care (44%) and therapeutic services (37%) (CDC, 2004) 
  • 70% of home care patients are aged 65 and older (CDC, 2004) 

Digital technology assistance

  • The U.S. has invested in over $35 billion to accelerate the development of health information technology (EPTA, 2019) 
  • 45% of senior adults were using broadband services; if that number improves, it could allow more extensive access to telemedicine to many elderly patients (EPTA, 2019) 
  • Only 6% of adults over 50 use transportation apps such as Uber and Lyft (EPTA, 2019) 
  • GPS services can help locate a senior who may become lost, considering 60% of those with Alzheimer’s or dementia may wander (Aging) 
  • Seniors taking five or more prescription drugs can benefit from technological advancements (Aging) 

Corporate Senior Care
Provider Vendors

Assisted living facilities

  • It costs an average of $48,612 to live in an assisted living facility for a year (Genworth, 2019) 
  • There are an estimated 811,500 residents nationwide residing in assisted living facilities (Ahcancal, 2019) 
  • 13% of older adults use assisted living, and they typically use this type of care for less than a year (Longtermcare, 2017) 
  • There are over 30,000 assisted living homes in the United States (Aging) 
  • More than half (52%) of the residents in assisted living facilities are more than 85 years (Ahcancal, 2019) 
  • There are significantly more women (71%) than men (29%) living in these homes (Ahcancal, 2019) 

Family caregiving

  • The value of family caregiving that is usually provided for free is estimated to be $375 billion a year (Caregiveraction) 
  • 16.8% of the U.S. population (51.8 million) provide care for a senior family member during any given year (Caregiving, 2020) 
  • 52% of caregivers did not feel qualifies to provide physical care (Genworth, 2018) 
  • 23% of Americans say that caregiving has made their health worse, 45% reported some financial impact, and 61% reported that it had impacted their work (Caregiving, 2020) 
  • On average, caregivers are women (61%), mostly older, with an average age of 49.5 years (Caregiving, 2020) 
  • There is an increasing number of Americans caring for someone with Alzheimer’s or dementia (26%) (Caregiving, 2020)

Whether institutional or in-home care, it is vital that the people who built today’s society are well taken care of in their later years.