Aging population linked to increased need for select Health Care and Social Assistance Services. Learn more in this America Counts story.



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Revenues for Home Care, Elderly Services Increase as Nation Ages

The nation?s 73 million baby boomer population is aging, helping boost revenues of select industries designed to help them navigate their later years.

The U.S. Census Bureau projects that in 2050, the U.S. population ages 65 and over will be 83.9 million, nearly double what it was (43.1 million) in 2012. Baby boomers, who began turning 65 in 2011, are largely responsible for the nation?s swelling older population.

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The Service Annual Survey (SAS) provides data across select service industries that serve the nation?s elderly ? and experienced an increase in revenues from 2013 to 2020.

The 2020 SAS shows estimated revenues for employer firms across this series of select Health Care and Social Assistance services for seniors rose from 2013 to 2020.

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How revenues have risen


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Measuring growth of select health care services


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