{"id":1022,"date":"2016-11-15T07:27:20","date_gmt":"2016-11-15T07:27:20","guid":{"rendered":"http:\/\/template.assistinghands.com\/idaho\/fruitland\/about\/industry-statistics\/"},"modified":"2025-12-10T18:46:49","modified_gmt":"2025-12-10T18:46:49","slug":"industry-statistics","status":"publish","type":"page","link":"https:\/\/assistinghands.com\/123\/southcarolina\/fortmill\/about\/industry-statistics\/","title":{"rendered":"Industry Statistics"},"content":{"rendered":"<section class=\"l-section wpb_row height_medium\"><div class=\"l-section-h i-cf\"><div class=\"g-cols offset_small\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\">[vc_custom_heading text=&#8221;Rising Costs of Long-Term Care (Genworth 2024 Cost of Care Survey)&#8221; google_fonts=&#8221;font_family:Oswald%3A300%2Cregular%2C700|font_style:400%20regular%3A400%3Anormal&#8221;]<div class=\"wpb_text_column \"><div class=\"wpb_wrapper\"><p>Genworth\u2019s 2024 Cost of Care Report shows that most long-term care services are rising faster than inflation. The national median hourly cost of homemaker services is now <strong>$33<\/strong>, while a home health aide averages <strong>$34\/hour<\/strong>. By comparison, assisted living and nursing home care have risen more steeply. In-home care remains one of the most affordable options for families.<\/p><\/div> <\/div> <div class=\"w-btn-wrapper align_center\"><a class=\"w-btn style_solid color_primary icon_none\" href=\"https:\/\/www.genworth.com\/aging-and-you\/finances\/cost-of-care\" target=\"_blank\"><span class=\"w-btn-label\">Read Full Article<\/span><\/a><\/div><div class=\"w-separator type_default size_medium thick_1 style_solid color_border cont_none\"><span class=\"w-separator-h\"><\/span><\/div>[vc_custom_heading text=&#8221;Home Care Market Growth and Industry Outlook (BusinessWire 2024 Report)&#8221; google_fonts=&#8221;font_family:Oswald%3A300%2Cregular%2C700|font_style:400%20regular%3A400%3Anormal&#8221;]<div class=\"wpb_text_column \"><div class=\"wpb_wrapper\"><p>According to a new market analysis, the U.S. home care industry reached <strong>$286 billion in 2024 <\/strong>and is projected to grow by <strong>22% through 2034<\/strong>. Driving forces include an aging population, value-based care initiatives, and surging demand for in-home healthcare such as infusion therapy and durable medical equipment.<\/p><\/div> <\/div> <div class=\"w-btn-wrapper align_center\"><a class=\"w-btn style_solid color_primary icon_none\" href=\"https:\/\/www.businesswire.com\/news\/home\/20241104516863\/en\/2024-United-States-Home-Care-Market-Report---Demand-is-Projected-to-Surge-22-by-2034-for-In-Home-Healthcare---ResearchAndMarkets.com\" target=\"_blank\"><span class=\"w-btn-label\">Read Full Article<\/span><\/a><\/div><div class=\"w-separator type_default size_medium thick_1 style_solid color_border cont_none\"><span class=\"w-separator-h\"><\/span><\/div>[vc_custom_heading text=&#8221;Regional Spotlight: California Care Costs (Genworth Data)&#8221; google_fonts=&#8221;font_family:Oswald%3A300%2Cregular%2C700|font_style:400%20regular%3A400%3Anormal&#8221;]<div class=\"wpb_text_column \"><div class=\"wpb_wrapper\"><p>Genworth\u2019s California report highlights how costs in some states are outpacing national averages. In 2024, annual costs for homemaker services rose to <strong>$86,944 (+6%)<\/strong> and for home health aides to <strong>$89,232 (+5%)<\/strong>. These increases, well above the national median, underscore how local inflation and labor shortages impact affordability.<\/p><\/div> <\/div> <div class=\"w-btn-wrapper align_center\"><a class=\"w-btn style_solid color_primary icon_none\" href=\"https:\/\/investor.genworth.com\/news-events\/press-releases\/detail\/996\/long-term-care-costs-increase-in-california-exceeding\" target=\"_blank\"><span class=\"w-btn-label\">Read Full Article<\/span><\/a><\/div><div class=\"w-separator type_default size_medium thick_1 style_solid color_border cont_none\"><span class=\"w-separator-h\"><\/span><\/div>[vc_custom_heading text=&#8221;Strengthening the Home Care Workforce (ASPE Issue Brief, April 2024)&#8221; google_fonts=&#8221;font_family:Oswald%3A300%2Cregular%2C700|font_style:400%20regular%3A400%3Anormal&#8221;]<div class=\"wpb_text_column \"><div class=\"wpb_wrapper\"><p>The U.S. Department of Health and Human Services and Department of Labor issued new recommendations to improve workforce data for <strong>Home and Community-Based Services (HCBS)<\/strong>. The report emphasizes the urgent need to recruit and retain direct care workers as demand continues to grow.<\/p><\/div> <\/div> <div class=\"w-btn-wrapper align_center\"><a class=\"w-btn style_solid color_primary icon_none\" href=\"https:\/\/aspe.hhs.gov\/reports\/improving-data-hcbs-workforce\" target=\"_blank\"><span class=\"w-btn-label\">Read Full Article<\/span><\/a><\/div><div class=\"w-separator type_default size_medium thick_1 style_solid color_border cont_none\"><span class=\"w-separator-h\"><\/span><\/div>[vc_custom_heading text=&#8221;The Value of Unpaid Family Caregiving (ASPE Research)&#8221; google_fonts=&#8221;font_family:Oswald%3A300%2Cregular%2C700|font_style:400%20regular%3A400%3Anormal&#8221;]<div class=\"wpb_text_column \"><div class=\"wpb_wrapper\"><p>Unpaid caregiving remains the cornerstone of long-term care in the U.S. ASPE research estimates that family caregivers provide care worth over <strong>$200,000 per older adult with significant disabilities<\/strong>, a figure that exceeds the value of paid care. As the population ages, reliance on family caregivers will remain a critical issue.<\/p><\/div> <\/div> <div class=\"w-btn-wrapper align_center\"><a class=\"w-btn style_solid color_primary icon_none\" href=\"https:\/\/aspe.hhs.gov\/reports\/caregivers-ltss\" target=\"_blank\"><span class=\"w-btn-label\">Read Full Article<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"[vc_custom_heading text=\"Rising Costs of Long-Term Care (Genworth 2024 Cost of Care Survey)\" google_fonts=\"font_family:Oswald%3A300%2Cregular%2C700|font_style:400%20regular%3A400%3Anormal\"]Genworth\u2019s 2024 Cost of Care Report shows that most long-term care services are rising faster than inflation. The national median hourly cost of homemaker services is now $33, while a home health aide averages $34\/hour. By comparison, assisted living and nursing home care have risen more steeply. In-home...","protected":false},"author":2,"featured_media":0,"parent":255,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1022","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Industry Statistics - Assisting Hands - Fort Mill<\/title>\n<meta name=\"description\" content=\"A new study finds the price of most long-term-care services are rising faster than inflation, and by 2050 the nation\u2019s long-term care services bill is expected to top $379 billion. 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