Elder Care Facts

Every seven seconds, a person turns 50 in the United States.

One in every four households is involved in caring for a person over age 50.

More than 7 million American households (about 54 million Americans) provide informal caregiving for spouses, parents, other relatives, or friends.

If the work of these caregivers was replaced by paid home care, the cost would be $45 billion to $94 billion per year.

Employee absences and lost productivity due to caregiving costs American employers $11.4 billion to $29 billion per year.

Americans spend $83 billion annually on nursing home care.

By the year 2031, every baby boomer will be over 65 years old.

Arizona’s elderly population is projected to triple by 2050.

The number of Americans with Alzheimer’s disease is also projected to nearly triple, to 13.2 million people by 2050.—Diane Boudreau