Franchise Opportunity - Senior Care Facts
Studies indicate that America’s 35.9 million seniors may plan how and where they age largely based on the combination of solutions that offer independence and support their faith.

Research shows that 89 percent of seniors say the ability to live independently and remain in their own home is very important,
But more than half are concerned about their ability to do so.
Additional research shows that 75 percent of elders indicate that faith is the most important aspect of their lives.
 
This has created an enormous opportunity for those who see the possibilities of a business that not only meets their practical daily needs but can provide compassionate spiritual comfort as well.
An Ever-Expanding Market
Why will the senior care market explode from $86 billion in 1996 to $490 billion in 2030? Answer: an enormous demographic shift that has already occurred. The population of seniors has dramatically increased in recent years and this trend will only accelerate.

The number of older Americans increased by 3.7 million or 12.0 percent since 1990, compared to an increase of 13.3 percent for the entire under-65 population.

The number of Americans aged 45-64—who will reach 65 over the next two decades—increased by 34 percent during this period.

The older population itself is getting older. In 2000, the 65-74 age group (18.4 million) was eight times larger than in 1900, but the 75-84 group (12.4 million) was 16 times larger and the 85+ group (4.2 million) was 34 times larger. Looking closer at this at this age group reveals some startling facts: Seniors ages 85 and older are now the fastest growing segment of the U.S. population.

The 85+ population is projected to increase from 4.2 million in 2000 to 6.1 million in 2010 (a 40 percent increase) and then to 7.3 million in 2020 (a 44 percent increase for that decade).
When combined with the increasing need for personal assistance as seniors age, the escalating need for in-home care becomes apparent. Whereas 20 percent of seniors ages 75 – 79 need personal assistance with everyday activities, 31% of seniors 80 – 84 and 50 percent of seniors 85 and over require this assistance.

What is important to seniors?
According to extensive surveys conducted by both George Gallup (Gallup Poll) and George Barna (Barna Research Group), seniors by dramatic margins say that religion is a vitally important aspect of their life. How important? Among Americans over age 75, three quarters rank religion as the most important aspect of their life.

This demographic attribute coupled with the deeply personal nature of in-home care provides an exceptional opportunity for a senior care franchise sensitive to the spiritual needs of senior citizens. In-home, non-medical caregiving is naturally relational providing the ideal opportunity for spiritual support and encouragement.

In addition, a key concern of seniors and their families is the character and quality of the caregiver. Senior exploitation is an increasing problem nationally because a caregiver must be trusted with intensely personal duties ranging from bathing assistance to bill paying. The right caregiver can be enormously helpful –providing the living assistance necessary to remain independent while giving the emotional and spiritual support that only comes from a dear friend.

Likewise, the wrong caregiver can be enormously harmful. Criminal background checks are helpful and most agencies—including Christian Companion Senior Care—utilize them. Yet these checks don’t necessarily provide a good indication of what a person might do in the future. Only Christian Companion Senior Care provides this additional level of screening: an understanding of the gospel and a clear commitment to Christ.


Family Caregiving by the Numbers
Family caregivers are defined as anybody who provides unpaid help, or arranged for help, to an aging relative or friend with an illness or disability that leaves them unable to cope with day-to-day activities. That accounts for over 44 million people in America today.

Nearly 25 percent of all American adults currently provide daily companionship or assistance to a parent or relative.

Approximately 60 percent of family caregivers are women.

The typical family caregiver is a 46-year-old woman caring for her widowed mother who does not live with her. She is married and employed.

An estimated 88 percent of married individuals report their spouse as their key caregiver.


Family Caregivers: Overworked and Overstressed
If the work of family caregivers had to be replaced by paid home care staff, the estimated cost would be $257 billion per year. Families provide over twice as much caregiving as all the formal long-term care systems combined. All told, family caregivers provide 29 billion hours of care each year.

Approximately 37percent of family caregivers spend more than 40 hours a week providing care, and 30 percent  spend 20 to 39 hours per week doing so.

Nearly seven in 10 (69 percent) family caregivers spend less time with family and friends since becoming caregivers.

Nine in 10 family caregivers (91percent) surveyed - all in fair/poor health - suffer from depression, an eight in 10 (81percent) of those with depression report that caregiving had made their depression worse.

Approximately 62 percent  of family caregivers who work have had to make some adjustments to their work life, from reporting late to work to giving up work entirely.

Nearly one in five caregivers (17percent) says they provide more than 40 hours of care per week to a loved one.

Extreme stress can take as much as 10 years off a family caregiver's life.

Family caregivers report having a chronic condition at more than twice the rate of non-caregivers.

  Comments about the Senior Care Industry
“The widening flood of Americans into later life…guarantees that eldercare will be a 21st century growth industry. The market, which was $86 billion in 1996, is expected to reach $490 billion by 2030.”
Time Magazine, August 30, 1999.

"Christian Companion Senior Care represents an excellent opportunity for those with the vision to use their productive hours at work in a way that changes the world. Catch the vision of building a business that touches lives for Christ and you’ll never be satisfied with anything else.”

 

This is not an offer to sell a franchise. A Christian Companion Senior Care franchise is offered only by our delivery of a Franchise Disclosure Document to you in compliance with FTC Rule 436 and various state franchise sales laws. Christian Companion Senior Care is currently not offering franchises to residents of the following states: California, Hawaii, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington. This Web site information is not directed to any person in the states listed above by on or on behalf of the franchisor or anyone acting with the franchisor's knowledge. No franchises can be offered or sold in the states listed above until the franchise offering has been authorized by the appropriate regulatory authority, and the Franchise Disclosure Document has been delivered to you as required under applicable law.