Baby Boomers approaching their 70s will need a wider range of housing options, including those with on-site health care
By Susan Bady | Professional Builder
Baby Boomers are getting older, and there’s no one-size-fits-all solution for their current or future housing needs. The active-adult, 55-and-over community has been popular with Boomers for years, but if their mobility is impaired or they develop other health issues, they may need to move to a senior-living community with multifamily housingand on-site health care services such as assisted living, memory care, and short- and long-term rehabilitation.
According to “Housing America’s Older Adults,” from the Joint Center for Housing Studies of Harvard University, the number of households headed by adults in the 65 to 74 age range climbed 26 percent from 2011 to 2016, to more than 17 million. Furthermore, greater longevity and population growth mean the number of household members in their 70s, 80s, and 90s is going to soar; the Joint Center predicts that segment will more than double by 2037, a game-changer for the housing industry in the years to come.