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The market for senior care services continues to expand dramatically with no signs of slowing. Per reports by Statista, in 2020, the percentage of Americans over age 65 was 16.9%. By 2030, that number is expected to grow to over 20%. Put another way, according to the AARP, every day in the U.S., 10,000 people turn 65; by 2050, those over 65 will number 88 million. Senior care businesses have a great potential for growth and profitability.
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