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The cost of in-home elder care is rising more than three times faster than overall inflation

Release Date
2025-10-30
Media
Axios
Summary
The cost of in-home elder and disability care in the U.S. is sharply rising due to a severe labor shortage and growing demand from an aging population. Prices for home care have increased 10% this year, far outpacing general inflation, with a steep 7% jump from August to September alone.

Families are being forced to make difficult choices — such as placing relatives in more expensive care facilities or leaving the workforce to provide care themselves. The shortage is worsening because immigrants make up about one-third of home care workers, and recent immigration crackdowns and loss of legal status for some groups have reduced the labor supply. This decline is not due to falling demand, but because fewer workers are available.

Meanwhile, the number of Americans needing elder care continues to grow as baby boomers age. Experts warn that this imbalance between rising demand and shrinking workforce is a major, under-recognized crisis — a “ticking time bomb” for families and the U.S. economy.
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United States of America

News Articles including "United States of America"

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