Price of Elder Care Soars as Demand Increases, Baby Boomers Age

August 14, 2023

(The Hill) – Many Americans who serve as caregivers are consumed by the immense cost of tending to ailing or aging family members. And as the baby boomer generation ages, more Americans are in for a rude awakening as to just how expensive caring for older adults has become. The price of nursing home care increased by an average of 2.4 percent each year between 2012 and 2019, for a cumulative increase of 20.7 percent, according to data from the health research group Altarum Institute. (Read More)