AARP Research Explains Surge Of Senior Care Business Opportunities
Today’s post reviews current research from the American Association of Retired Persons (AARP) explaining the surge of senior care business opportunities throughout the United States.
Read on to find out why Executive Care’s senior care business opportunities are more valuable than ever!
Senior Care Business Opportunities Support Overworked Family Caregivers
According to the AARP’s 2020 report, Caregiving in the U.S., more than 1 in 5 Americans (21.3%) are now caregivers. Many of these caregivers live with the negative effects of caregiver burden as they try to balance full-time care duties with careers, family obligations, and other responsibilities.
It is unsurprising, then, that a huge number of senior care clients are family caregivers seeking respite. Between 2015 to 2020, more than 8-million Americans became caregivers, and this trend will only continue for the foreseeable future. Naturally, as the demand for respite care services increases, so too does the number of available senior care business opportunities across the country.
More Retirees Prefer To Stay Put With The Help Of Senior Care Services
The AARP’s 2018 Home and Community Preferences survey showed that more than 3 in 4 people (77%) agreed with the statement, “I’d really like to remain in my community for as long as possible.” This desire to “age in place” is easy to understand—nobody wants to leave the memories and comforts of home if they don’t have to, after all. Unfortunately, less than half (46%) of all seniors think aging-in-place will be possible due to their mobility restrictions, chronic illnesses, or home environment.
Senior care services make it possible to “age in place” safely, comfortably, and with complete peace of mind, so it’s no wonder that senior care business opportunities are springing up across the country. The demand for in-home care service has never been higher, and so the supply is surging to meet that demand.
Surge Of Home Assistance Technology Indicates Underlying Demand For Senior Care Services
Think technology is strictly the purview of young people? Think again!
A new AARP national survey showed that older Americans are increasingly drawn to new technology, from smartphones and tablets to wearable devices. In fact, 77% of older adults are now smartphone-savvy (though admittedly their total usage time pales in comparison to that of younger users!).
But the biggest growth is being tracked in the emerging home safety and Smart Tech market, where older adults are turning to find peace of mind and maintain their independence. For example, 39% of all surveyed seniors expressed strong interest in wearable devices that can detect a fall or contact emergency services. About 40% of respondents indicated that they were interested in using technology that would remind them to take their medication.
These tech trends help to explain the surge of senior care business opportunities around the country. Clearly, more seniors are seeking solutions for their declining independence, medication management, and safety concerns than ever before—and that’s exactly what we offer.
Learn More About Senior Care Business Opportunities Near You
Visit the Executive Care website or call 1-855-393-2372 to learn more about the value, costs and criteria of our senior care business opportunities.