Americans have always thought of themselves as a young nation; until recently, that was true. High fertility rates and several baby booms kept America looking young, but the “graying” of America had already begun. The U.S. Census Bureau and the Urban Institute report that the number of Americans over 65 will more than double by 2040, and the number over 85 is expected to triple by that year. In addition, for the first time in our nation’s history, the elderly population will outnumber children. The housing, senior living, and assisted living industries must find ways to respond to this significant demographic shift.
Seniors face a myriad of important decisions regarding housing in their golden years. Whether deciding for yourself or helping a loved one, the key to long-term satisfaction is to begin the process with accurate and up-to-date information on the senior living options available in your area. Many people are not big fans of change, and the changes accompanying aging are not always welcome, but they are inevitable. As a result, the choices may seem confusing and even overwhelming. The good news is that information is readily available to aid in the process of pinpointing the best option for you and your family. Still, wading through websites, news stories, statistics, and marketing material takes time.
Before launching a family discussion, consider availing yourself of the consolidated and helpful information available through established and credible organizations and websites that have already done the legwork. A simple google search of “assisted living near me” or “senior housing near me” is a terrific way to get started. Then, narrow the scope of your investigation to match your location, housing style, cost, and payment option preferences.
Given the increasing size and strength of the senior housing market sector in the coming decades, there may be new lifestyle options for tomorrow’s retirees. Still, the following represents a summary of housing options available to today’s seniors.
