{"id":13023,"date":"2021-03-07T04:26:37","date_gmt":"2021-03-07T04:26:37","guid":{"rendered":"http:\/\/assistinghands.com\/36\/?page_id=13023"},"modified":"2025-12-10T18:10:53","modified_gmt":"2025-12-10T18:10:53","slug":"industry-statistics","status":"publish","type":"page","link":"https:\/\/assistinghands.com\/94\/colorado\/littleton\/about\/industry-statistics\/","title":{"rendered":"Industry Statistics"},"content":{"rendered":"\n\n\t<section>\n  <h2>Rising Costs of Long-Term Care (Genworth 2024 Cost of Care Survey)<\/h2>\n  \n    Genworth&#8217;s 2024 Cost of Care Report shows that most long-term care services are rising faster than inflation.\n    The national median hourly cost of homemaker services is now $33, while a home health aide averages $34\/hour.\n    By comparison, assisted living and nursing home care have risen more steeply. In-home care remains one of the\n    most affordable options for families.\n  \n  \n    <a href=\"https:\/\/www.genworth.com\/aging-and-you\/finances\/cost-of-care\" target=\"_blank\" rel=\"noopener\">\n      Read Full Article\n    <\/a>\n  \n  <hr \/>\n<\/section>\n<section>\n  <h2>Home Care Market Growth and Industry Outlook (BusinessWire 2024 Report)<\/h2>\n  \n    According to a new market analysis, the U.S. home care industry reached $286 billion in 2024 and is projected to\n    grow by 22% through 2034. Driving forces include an aging population, value-based care initiatives, and surging\n    demand for in-home healthcare such as infusion therapy and durable medical equipment.\n  \n  \n    <a 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\" rel=\"noopener\">\n      Read Full Article\n    <\/a>\n  \n  <hr \/>\n<\/section>\n<section>\n  <h2>Regional Spotlight: California Care Costs (Genworth Data)<\/h2>\n  \n    Genworth&#8217;s California report highlights how costs in some states are outpacing national averages. In 2024,\n    annual costs for homemaker services rose to $86,944 (+6%) and for home health aides to $89,232 (+5%). These\n    increases, well above the national median, underscore how local inflation and labor shortages impact affordability.\n  \n  \n    <a href=\"https:\/\/investor.genworth.com\/news-events\/press-releases\/detail\/996\/long-term-care-costs-increase-in-california-exceeding\" target=\"_blank\" rel=\"noopener\">\n      Read Full Article\n    <\/a>\n  \n  <hr \/>\n<\/section>\n<section>\n  <h2>Strengthening the Home Care Workforce (ASPE Issue Brief, April 2024)<\/h2>\n  \n    The U.S. Department of Health and Human Services and Department of Labor issued new recommendations to improve\n    workforce data for Home and Community-Based Services (HCBS). The report emphasizes the urgent need to recruit\n    and retain direct care workers as demand continues to grow.\n  \n  \n    <a href=\"https:\/\/aspe.hhs.gov\/reports\/improving-data-hcbs-workforce\" target=\"_blank\" rel=\"noopener\">\n      Read Full Article\n    <\/a>\n  \n  <hr \/>\n<\/section>\n<section>\n  <h2>The Value of Unpaid Family Caregiving (ASPE Research)<\/h2>\n  \n    Unpaid caregiving remains the cornerstone of long-term care in the U.S. ASPE research estimates that family\n    caregivers provide care worth over $200,000 per older adult with significant disabilities, a figure that exceeds\n    the value of paid care. As the population ages, reliance on family caregivers will remain a critical issue.\n  \n  \n    <a href=\"https:\/\/aspe.hhs.gov\/reports\/caregivers-ltss\" target=\"_blank\" rel=\"noopener\">\n      Read Full Article\n    <\/a>\n  \n<\/section>\n\n","protected":false},"excerpt":{"rendered":"<p>Rising Costs of Long-Term Care (Genworth 2024 Cost of Care Survey) Genworth&#8217;s 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 &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/assistinghands.com\/94\/colorado\/littleton\/about\/industry-statistics\/\"> <span class=\"screen-reader-text\">Industry Statistics<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":168,"featured_media":0,"parent":92,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-13023","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/assistinghands.com\/94\/wp-json\/wp\/v2\/pages\/13023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assistinghands.com\/94\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/assistinghands.com\/94\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/assistinghands.com\/94\/wp-json\/wp\/v2\/users\/168"}],"replies":[{"embeddable":true,"href":"https:\/\/assistinghands.com\/94\/wp-json\/wp\/v2\/comments?post=13023"}],"version-history":[{"count":7,"href":"https:\/\/assistinghands.com\/94\/wp-json\/wp\/v2\/pages\/13023\/revisions"}],"predecessor-version":[{"id":14613,"href":"https:\/\/assistinghands.com\/94\/wp-json\/wp\/v2\/pages\/13023\/revisions\/14613"}],"up":[{"embeddable":true,"href":"https:\/\/assistinghands.com\/94\/wp-json\/wp\/v2\/pages\/92"}],"wp:attachment":[{"href":"https:\/\/assistinghands.com\/94\/wp-json\/wp\/v2\/media?parent=13023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}