Revenue for Assisted Living Facilities for The Elderly, All Establishments, Employer Firms
This dataset tracks revenue for assisted living facilities for the elderly, all establishments, employer firms over time.
Latest Value
37274.00
Year-over-Year Change
48.73%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the revenue generated by assisted living facilities for the elderly in the United States. It is an important indicator of the overall health and demand for long-term care services.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Revenue for Assisted Living Facilities for The Elderly, All Establishments, Employer Firms data series tracks the total revenue earned by businesses that provide residential care services to the elderly. This metric offers insights into the scale and economic activity of the senior care industry.
Methodology
The data is collected through surveys of businesses and establishments in the assisted living and elderly care sectors.
Historical Context
This revenue trend is closely monitored by policymakers, healthcare analysts, and investors to gauge the growth and dynamics of the senior care market.
Key Facts
- Assisted living facilities generated over $50 billion in revenue in the U.S. in 2020.
- The senior care industry has seen steady growth in recent years due to the aging population.
- Revenue for assisted living facilities can indicate demand for long-term care services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by assisted living facilities that provide residential care services for the elderly in the United States.
Q: Why is this trend relevant for users or analysts?
A: This revenue trend is an important indicator of the overall health and growth of the senior care industry, which is crucial for policymakers, healthcare analysts, and investors to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the assisted living and elderly care sectors.
Q: How is this trend used in economic policy?
A: This revenue trend is closely watched by policymakers to gauge the demand for long-term care services and inform policies related to healthcare, aging populations, and senior living.
Q: Are there update delays or limitations?
A: The data is published on a periodic basis, and there may be some time lag in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Revenue for Assisted Living Facilities for The Elderly, All Establishments, Employer Firms (ALFFTERAEEF2623312), retrieved from FRED.