The core driver of increases in the cost of care remains supply and demand. Every day until 2030, 10,000 Baby Boomers will turn 65 and seven out of ten of them will need long-term care services at some point. The level of care needed by our aging population has itself increased over the years. There is also an insufficient supply of professionals to meet this growing demand, further increasing the cost of care.
Note: Nursing Home and Assisted Living rates based on 12 months of care in a private one bedroom. Homemaker Services based on 44 hours per week by 52 weeks