Can’t grow old without her – 03/05/2024
The rapid aging of the U.S. population is quickly driving up the need for eldercare. Rising demand for eldercare, which is often met with unpaid care, stands to strain labor force growth at a time growth in the working-age population is already set to slow. But the need to care for aging loved ones is also poised to alter the composition of paid employment. Perhaps not surprisingly, women shoulder a disproportionate share of unpaid care responsibilities but also play an outsized role in providing paid care. As the population rapidly ages, it won't be able to do so gracefully without her.