It's been quite a long time since the members of the Baby Boomer generation have been babies. The fact is that the population in the United Kingdom is aging rapidly and the boomers are a big part of that demographic. If the past is precedence, then many of the Baby Boomers will soon need to be taken care of in nursing homes or assisted living facilities.
Eldercare has been a big business in the United Kingdom and it is going to be an even bigger business in the very near future. There is the potential for elder care providers to make quite a bit of money in this business. And one other thing is for sure – there is a seemingly endless source of potential clients.
If you are looking for elder care providers, then you can also opt for Azure Care.
There were approximately 40 million Americans who were sixty-five years old or older in 2010. The U.K. Census Bureau has estimated that there will be more than 50 million Americans who are at least sixty-five years old by the year 2020.
In 2007 it cost close to $78,000 per year, on average, for a private room in a nursing home.
Although the annual bill for living in an assisted living facility was less than the cost of living in nursing homes, the nationwide cost ranged between $35,628 and $50,000 per year.
The bigger places tend to be the most expensive places. And they often have a rather large admission fee or community fee. In addition, should the health of the resident decline then the fees will go up.