A labor shortage in the caregiving market could have widespread implications for families. Nursing homes in Maine, the state with the oldest average age, are having to close down due to not being able to hire enough staff. Other nursing homes throughout the U.S. struggle with keeping qualified staff. This situation does not portend well for the massive baby boom generation that is reaching the period when they need assistance with daily living activities. Other nursing homes have lost accreditation due to resident abuse or neglect.
No one likes to think that they will need care in cold age but plenty of us boomers have had experience with dealing with aging parents and know the facts are we will likely need support. But who will be there to provide it?
This shortage could be readily alleviated if we were more friendly to immigrants who would love to have steady employment in the U.S.
Source: https://www.wealthmanagement.com/retirement-planning/retirement-caregiver-crisis
Source: Financial Planning for Women