Senior Care Crisis: High Costs, Low Wages

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Saturdays

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Beth Pinskers personal experience with her mothers senior care reveals a growing crisis: a surge in demand for aging baby boomers, coupled with a critical labor shortage. The senior care sector is grappling with rising costs, declining service quality, and a lack of competitive pay for caregivers. Experts propose solutions such as increasing wages, allowing more immigration, or establishing better career ladders. Companies like Care dot com are also expanding into senior care, recognizing its growing importance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.