Challenges and Opportunities
Increased Demand, Greater Alternatives
Many families today must face the difficult decision of how to help care for elderly parents or other relatives. But choices are no longer limited to nursing homes or living together under one roof. Older Americans have more housing options than ever before. Contrary to popular belief, only 5 percent of those over 65 live in nursing homes, while 70 percent own their own homes. Others select “continuing care” communities where they live independently with the assurance that all health needs will be taken care of in the future. Those who can afford it often opt for the social/recreational lifestyle found in the retirement havens that have sprung up in the western and southern states.
Choosing where to live is ...