Revenue for Continuing Care Retirement Communities and Assisted Living Facilities for The Elderly, All Establishments, Employer Firms
CCRCAALFFTE416233 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78,393.00
Year-over-Year Change
46.16%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for continuing care retirement communities and assisted living facilities for the elderly, covering all employer establishments. It provides insight into the financial health and growth of this important healthcare sector.
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 Continuing Care Retirement Communities and Assisted Living Facilities for The Elderly, All Establishments, Employer Firms trend tracks the total revenue generated by these senior living facilities. It is a key indicator of demand, investment, and economic activity in the elder care industry.
Methodology
The data is collected through surveys of employer firms in this industry sector.
Historical Context
This revenue trend is closely monitored by economists, investors, and policymakers to assess the state of the senior care market.
Key Facts
- Elderly care is a rapidly growing industry.
- Revenue has increased over 50% in the past decade.
- The sector employs over 1 million people in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by continuing care retirement communities and assisted living facilities that serve the elderly population.
Q: Why is this trend relevant for users or analysts?
A: This revenue trend provides insight into the financial health and growth of the senior care industry, which is an important part of the healthcare sector and economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms operating in this industry sector.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this revenue trend to assess the state of the senior care market and its implications for the broader healthcare system and economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a delay of several months. There may be limitations in capturing all revenue from smaller or non-employer facilities.
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Citation
U.S. Federal Reserve, Revenue for Continuing Care Retirement Communities and Assisted Living Facilities for The Elderly, All Establishments, Employer Firms (CCRCAALFFTE416233), retrieved from FRED.