{"id":1019,"date":"2016-11-11T09:11:23","date_gmt":"2016-11-11T09:11:23","guid":{"rendered":"http:\/\/assistinghands.com\/8\/illinois\/chicagoland-naperville\/about-us\/industry-statistics\/"},"modified":"2025-12-10T17:08:28","modified_gmt":"2025-12-10T17:08:28","slug":"industry-statistics","status":"publish","type":"page","link":"https:\/\/assistinghands.com\/8\/illinois\/chicagoland-naperville\/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":758,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1019","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 Chicagoland-Naperville | Home Senior Care | Naperville, IL | 630-305-9100<\/title>\n<meta name=\"description\" content=\"in home senior care, home health care, home health aide, caregiver, home instead, home care services, home care, senior care, elder care, home assisted, senior services, homecare, health and home services, geriatric care, care givers, assisted living\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/assistinghands.com\/8\/illinois\/chicagoland-naperville\/industry-statistics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industry Statistics - 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