McKinsey March 6, 2025
The world needs better residential solutions for the aging. Three innovations may hold the key to truly golden years.
Senior housing—the spectrum of residential solutions aimed at people over age 65—is a sector associated with many needs. By 2050, the world is expected to have 1.6 billion people in this age cohort, more than double the number in 2021. Due to the rising prevalence of chronic illnesses among the elderly, it is likely that less than half of them will perceive themselves as being in good physical, mental, and social health. Despite the growing needs that these statistics highlight, senior housing currently accommodates only roughly 5 percent of the senior populations of Australia, Canada, New Zealand, and the United States....
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