You have to do a bit of math to understand just exactly how important senior care is. Even if you do not appreciate math as a field, it's required to highlight the value of senior care in this day and age through numbers. But if you want a straightforward and straightforward explanation, then you can settle for the fact that there are millions of elderly who require your TLC.
Initially, a little history: most seniors today are baby boomers—a cumulative term for the people born throughout the baby boom between 1946 and 1964. With the American senior age set at 65, the very first baby boomers got in the elderly group in 2011, with the trend anticipated to last until 2029. Data show that there were at least 76 million baby boomers born during the boom. This indicates that for the next 18 years, millions more are anticipated to sign up with the ranks of the elderly populace.
As of this writing, there are almost 40 million seniors in the US, representing almost 13 percent of the American populace. The Administration on Aging (AOA) anticipates that by 2030, the number will nearly increase to over 72 million. By then, seniors will certainly comprise 19 percent of the American populace—still reasonably little, but undeniably considerable.
The AOA records two states as having the leading number of seniors in the nation. Data from 2011 demographics show that California has the leading senior citizen populace at practically 4.4 million; while Florida can be found in 2nd with 3.4 million. With these rather significant numbers, senior care franchise will undoubtedly come to be in high demand in these states.
In the case of senior care business, getting a franchise from leading senior care franchises can cost anywhere between $ 57,000 and $ 152,000. Revenue information from 2009 shows the continually rising trend in the senior care industry, with figures peaking at over $ 130 million. The franchises with the highest yield ratio or prospective return on investment cost only between $ 57,000 and $ 73,000. Compared with additional franchises, it won't cost you a lot to obtain begun in looking after America's retirees.
For more information on the senior care business, you can see the AOA official website at AOA. gov. You may also check out relevant articles at CSMonitor.com. For beneficial details about senior services franchise, go to FranchiseBusinessReview.com. These sites can assist in making the subject clearer.
Doing the Math on Existing State of the Elderly Care Market