Caregivers are about to be in high demand in the US – msnNOW

Scott Eells/Bloomberg/Getty Images A home-care aide Malrissa Perkins talks with a patient in front of a television set in Lincoln, Massachusetts.

In the past decade, natural population growth in the US slowed way down. As the fertility rate falls, deathslargely attributed to the growing number of seniorsare rising.

These figures dont include immigration, which has also slowed down in the past three years (largely due to the Trump administrations strict immigration policies). This population shift from the previous decade is going to largely shape the next one, too: The demand for caregivers for older adults is going to skyrocket.

Thanks to medical interventions, age really is just a number. Many people who are in their 60s today are much better off than 60-year-olds from the last century. But still, the American Association of Retired Persons estimates that about half of all people over 65 will need some kind of long-term care, whether its an in-home caregiver, an assisted living facility, or a nursing home.

These services arent cheap: It costs an average of $48,000 to live in an assisted living suite, and over four times that for a full-time in-home aid.

Theres also a massive shortage of people working in the caregiving field: Most paid caregiving jobs dont pay well (at an average of $13,000 annually), making it an unattractive career choice. By 2030, theres likely going to be a shortage of more than 100,000 caregivers for the elderly.

Its not just the US population thats aging: By 2050, over one in five adults will be 60 or older. Eighty percent of those people will live in low and middle-income countries. Japans population has been shrinking for years thanks to an aging population and shrinking fertility rates, and several countries in Europe are also facing major population declines as more people emigrate.

The good news is, aging populations provide a lot of opportunity. The demand for caregiversas well as more leisure activities for healthy seniorswill create millions of new jobs globally in the next decade, too.

Go here to see the original:
Caregivers are about to be in high demand in the US - msnNOW

Related Post

Comments are closed.