Home Care Industry Then & Now
CareMinders® Home Care franchisees are on the ground floor of an industry which is in the early stages of what is expected to be a 25-40 year boom in the number of potential clients that will be in need of home care.
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There are currently over 37 million seniors 65 years or older in the United States. It is estimated that this senior population will be over 77 million by 2035, and over 88 million by 2050.
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Source: U.S. Census Bureau National Center for Health Statistics
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The U.S. Department of Census estimates that there are 3.4 million seniors over the age 85 and that by 2035 this group will grow to over 11 million, and nearly 19 million by 2050.
Source: U.S. Department of Census
80% of seniors prefer to age in place rather than move to a healthcare facility.
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Source: National profile of family caregivers
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Annual expenditures on home care exceeded $57 billion in 2007.
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Source: National Association of Home Care
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It is estimated that as many as 6 out of every 10 American have family members or friends requiring long-term care services.
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Source: U.S. General Accounting Office
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| Approximately 50% of seniors that reach the age of 85 are in need of assistance with activities of daily living. |
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