In four years, people over 65 will outnumber children under 18 for the first time in the U.S. That means many seniors will struggle to find caregivers. NBC News' Kate Snow reports on how many families will feel the strain of needing to care for an elder, both emotionally and financially.
A huge part of the struggle is private equity buying out and enshittifying nursing homes and other elderly care facilities.
Much of their enshittification is actually illegal, but the problem is enforcement. Inspections are rare, and – most egregiously – inspections are never done without giving the facility advance warning first.
Private equity is destroying everything. Nursing homes, hospitals, pharmacies, veterinarians, housing.
Hell, since the huge data center rush is raising electricity and water prices private equity firms saw dollar signs and started buying up utility companies to add their own increase for pure profit.