It’s no secret the baby boomer population, often referred to as the “Senior Tsunami”, is changing the landscape of American business. But the astonishing fact is that most Baby Boomers are not yet to the age where they require assistance at home. With the oldest baby boomers at approximately 75 years of age, the demand for senior care services is projected to increase at an unprecedented rate through 2030 and beyond.
What this means is that although there’s currently significant demand for home care in the US, the dramatic increase in the need for care that will occur from the baby boomer generation hasn’t even started. What today is estimated at over a 70 Billion dollar per year industry will continue to need innovative providers to help meet the needs of tomorrow’s seniors.
In addition to the favorable demographics, senior care is known as a recession resilient industry. Whether the economy is booming or in a sharp downturn, seniors will continue to require care and families will continue to seek out care solutions. This has been proven throughout recent economic cycles.
But even more important is the opportunity to thrive in a career that’s about more than creating a strong financial future. Owning a home care franchise at Family Smartcare offers the ability to impact and improve the lives of seniors, your employees, and those in the community you live in.
Want to learn more? Check out what makes Family Smartcare different.