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Booming senior caregiving industry hires 4,000 people monthly

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Updated: 3/08/2013 5:09 pm
NBC NEWS -- If you're looking for work -- the senior caregiving sector is booming. 4,000 people are hired monthly, while the AARP says 34 million caregivers are providing free care to loved ones at an unpaid economic value of $375 billion dollars.

As America grows older, the senior home care trend is growing. The service is not covered by Medicare, but is one that more Americans are able to pay for out of pocket or with long term care insurance. Business is booming.

Jack Fackrell founder of Alta home care, and says his company currently services about 600 clients every day. The company is hiring as many as 20 people a week, though most applicants are rejected. The job is hard work.

The average pay for caregivers is ten dollars an hour. Even so, it's estimated that four thousand caregivers are being hired a month. According to Julie Northcutt, CEO of caregiverlist.com, the senior home care industry has grown more than 40 percent in the past five years.

Granny Nanny Cydney Kaplan charges 60 dollars an hour. Kaplan is a former reality TV producer with a degree in therapeutic recreation who saw a need at the high end.

“I love the seniors, learning from them, being around them, I love their energy, even when they’re being cantankerous,” said Kaplan. “They want to be seen with someone that's a professional and looks like a member of the family. “

With 40 million Americans at least 65 years old, as they grow older, business will grow with them.

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