It is no secret that the US population is aging. You can hardly turn on the nightly news or browse headlines online without seeing a story about the impact Baby Boomers are having across the economy. And that kind of mass coverage makes a lot of sense when you consider the fact that, in the next 15 years, people over the age of 65 will make up more than 20% of the total population (as of 2010 it was just 13%).
At-home senior care will continue to play a critical role in providing care for aging adults. In fact, more than 70% of adults 65 and older will need some form of assistance in their lives. Keep reading to find out what the home care industry is already seeing and what we can expect to see in 2016 and beyond.
Employer-Model Home Care Will Be in High Demand
While the need for home care overall is indeed expanding, the demand for employer-model home care is specifically expected to grow. This type of model allows caregivers to act as employees, providing them with training and administrative support, then connecting them directly with clients. By the same token, clients can be assured that all caregivers have been subjected to proper screening and background checks in addition to having professional training under their belts.
Family Caregivers Will Increasingly Turn to At-Home Care for Support
Currently, up to 70% of family caregivers report experiencing depression as a result of their caregiving duties. As awareness of and access to at-home senior care expands, family caregivers are expected to recognize the true value of this kind of assistance, both emotionally and financially. Family caregivers that have at-home senior care support are better able to maintain a regular work schedule, take promotions, and otherwise contribute economically to their families while still knowing their parent or loved one is cared for and safe.
Technological Advancements Will Take Root
Just as technology shapes the way most of us live our everyday lives, we expect to see it take an even stronger hold in the home care industry. Advancements in mobile software that can help caregivers track the health of their clients and share relevant data with healthcare workers or family members are expected to continue. Further, as the population ages, older adults will be increasingly coming from a generation that is not as resistant to new technologies. So we can expect to see them engaging with new technologies as well.
More Seniors Will Take Advantage of Cooperative Living
The majority of seniors want to age at home, with 80% of adults over 65 believing that they will stay in their current home for the rest of their lives. As circumstances change, it is not always possible for older adults to remain at home. Rather than move into an assisted living community or nursing home, it is expected that more seniors will take advantage of cooperative living arrangements, with multiple seniors and even multiple generations living in the same home. This type of arrangement puts at-home senior care services at an advantage, since caregivers can easily visit and provide services to multiple seniors at the same time.
Overall, the future is bright for at home senior care businesses. As the US population continues to age, more seniors will need assistance with the basic tasks of living. With adult children living farther from their parents than ever, at home senior care services will be able to fill in critical gaps in care.