Article by Barbara Sadick, AARP
“If you have a parent or spouse nearing retirement age, chances are good that at some point you’ll be in the market for home health care.
People turning 65 today have an almost 70 percent chance of needing some type of elder care services or support in their remaining years, according to the federal Department of Health and Human Services.
With longer life expectancy, “the risk of outliving savings, paying for elder care and being unable to leave a legacy to our children has increased,” says Aaron Schindler, a certified financial planner and owner of Care Concierge NY. The company provides long-term, in-home health services in the greater New York City region and New Jersey.
Those trends are fueling rapid growth in the home health care field. The federal Bureau of Labor Statistics projects that the number of home health aides (HHAs) and personal care aides will rise from about 3.3 million in 2018 to 4.4 million in 2028 — a 36 percent increase, much faster than the average across all occupations.”