The Growing Cost of Aging in America: Sources of Care
Select Types of Health Care Providers1
Total Spent on Hospital Care
| Age Group | Gender | Total All Players |
|---|---|---|
45-64 | Male | 155,458,000,000 |
Female | 153,479,000,000 | |
65-84 | Male | 110,972,000,000 |
Female | 117,925,000,000 | |
85+ | Male | 19,081,000,000 |
Female | 35,493,000,000 |
Total Spent on Home Health Care
| Age Group | Gender | Total All Players |
|---|---|---|
45-64 | Male | 5,621,000,000 |
Female | 7,170,000,000 | |
65-84 | Male | 10,316,000,000 |
Female | 16,874,000,000 | |
85+ | Male | 5,538,000,000 |
Female | 15,105,000,000 |
Total Spent on Nursing Care Facilities & Continuing Care Retirement Communities
| Age Group | Gender | Total All Players |
|---|---|---|
45-64 | Male | 11,108,000,000 |
Female | 9,407,000,000 | |
65-84 | Male | 26,275,000,000 |
Female | 39,892,000,000 | |
85+ | Male | 13,604,000,000 |
Female | 43,583,000,000 |
Long-Tem Care Costs2
Long term care includes community care such as adult day cares, institutional care such as nursing homes, and informal care such as in-home care provided by family. The majority of people who depend on these services are over the age of 65.3
| Type of Care | Median Annual Rate in United States |
|---|---|
Homemaker Services | $44,616 |
Home Health Aide Services | $45,760 |
Adult Day Health Care | $17,904 |
Assisted Living Facility (One Bedroom — Single Occupancy) | $43,200 |
Nursing Home (Semiprivate Room) | $80,300 |
Nursing Home (Private Room) | $91,250 |
Cost of Care for Family Caregiveres4
- 46% of family caregivers spent more than $5,000 each year in caregiving costs
- 33% of family caregivers spent more than 30 hours per week on caregiving
- 66% of family caregivers experienced care-related distractions, such as phone calls and e-mails, while working
- 60% of family caregivers said caregiving duties had a negative effect on their jobs
“We are able to estimate there are 34.2 million adults in the United States who have been a caregiver to an adult age 50 or older in the prior 12 months (roughly 14.3 percent of all American adults are a caregiver to someone age 50 or older).” – AARP 2015 Report, Caregiving in the U.S.5
1 https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/Age-and-Gender.html ↑
2 https://www.genworth.com/dam/Americas/US/PDFs/Consumer/corporate/130568_040115_gnw.pdf ↑
3 https://longtermcare.acl.gov/the-basics/ ↑
4 https://www.caring.com/research/senior-care-cost-index-2014 ↑
5 https://www.aarp.org/content/dam/aarp/ppi/2015/caregiving-in-the-united-states-2015-report-revised.pdf ↑