tech-enabled home care

The aging population has significant implications.  Consider a few assumptions:   Average life expectancy at 65 is mid-80’s, though many will live into their 90s. Older adults want to remain in their home as long as possible.  A quarter of men aged 75+ and 43% of women live alone.   Reports indicate that 46% of those aged 75+ have a disability.  It’s not much of a stretch to imagine that as many as half will need some kind of care assistance in their home at some point.  It is also likely that most people will not be able to afford 24x7 home care. But even if they could afford it, there is a severe home care worker shortage that is likely to worsen over the coming years as baby boomers enter their 80s.

Future staffing demand will force industry to rethink care strategies. According to BLS, the industry will need 4.5 million care workers by 2029 to meet the demands of older adults. According to an Argentum staffing report, in 2025 alone another 347,000 caregivers are needed for memory care. The home care and senior living industries draw from the same population of prospective workers. Home care and home health care demand will drive 21% job growth by 2033, but 59% of agencies will experience shortages. What else will help address care needs?  

Lifespan versus healthspan – a worrisome difference of 12.4 years in the US.  While many older adults may live longer, well into their 80’s, they may be living with chronic diseases such as diabetes, heart disease and cancer. That difference, known as healthspan, may be as much as 12.4 years in the US, the worst globally, according to a 2024 Mayo Clinic global study. Future staffing demand will force industry to rethink care strategies. According to BLS, the industry will need 4.5 million care workers by 2029 to meet the demands of older adults. According to an Argentum staffing report, in 2025 alone, another 347,000 caregivers are needed for memory care.  The home care and senior living industries draw from the same population of prospective workers. Home care and home health care demand will drive 21% job growth by 2033, but 59% of agencies will experience shortages.

Home care is a labor-intensive business. And as everyone can see, labor is increasingly a scarce resource, likely to seem ever more scarce -- as the boomers age into their 80’s and beyond, their population outpacing the growth of the care workforce. While there are many articles that will describe the 'aging tsunami' and worrisome lack of workers to care for the oldest, few technology solutions have entered this market up to now. How can AI tools participate appropriately in home care and home healthcare?  What are some of the circumstances that make this the right time to consider? And what are examples that indicate potential?  Suggestions of offerings and interviewees are welcome.