"The current system right now is unsustainable, and [it's] buckling before we're hit with this massive aging and retiring of the baby boomers—the largest generation ever to age and retire."
"If people are unable to get the health care that they need, that will result in an increase in unpaid elder care, causing domino effects all through the labor market."
"The resilience of the sector is in large part to baby boomers, the oldest of which are 80 and the youngest of which are nearing retirement age."
"While home healthcare services added 7,000 jobs in March, it is still well before 2024's average of 12,900 added jobs per month, far less than gains needed to keep up with high demand."
Home healthcare workers constitute less than 3% of total jobs but have a significant economic impact. The aging baby boomer population is creating unsustainable pressures on the healthcare system. If healthcare needs are unmet, it leads to increased unpaid elder care, affecting labor market participation. The healthcare sector has shown resilience, adding 693,000 jobs in 2025, largely due to the aging population. However, job growth in home healthcare is insufficient to meet demand, with fewer hours worked exacerbating the situation.
Read at Fortune
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