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The senior population is booming. Caregiving is struggling to keep up
CNBC Televisionยท 2025-11-24 16:44
The senior population in the US is growing significantly, but caregiving is struggling to keep up. According to the US Census Bureau, the population of people ages 65 and older in the country grew from 12.4% in 2004 to 18% in 2024. And the number of older adults outnumbered children in 11 states, up from just three states in 2020.And according to the US Bureau of Labor Statistics, the prices for senior care services are rising faster than the price of inflation. In September, the consumer price index rose 3 ...