McKnight’s Senior Living December 2, 2024
One in six people were aged 65 or more years in the 2020 US Census. By 2030, that will be one in five as the baby boomer population in long-term care swells to form what the industry is calling a “silver wave” of need.
Surveys have shown that the housing supply will be at a deficit by 2025. Effectively housing this population, and providing a location in which a modern older adult will thrive, depends on massive building and facilities improvements at continuing care retirement / life plan communities and other types of senior living communities.
Not all baby boomers are in senior living’s target market yet. They are turning 60 to 78 years old in 2024, and many still...
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