Never before in the history of the United States, or of the world for that matter, have so many people been older than 65, nor have so many of them been so healthy and active or likely to live so long.  This is just the beginning; the U.S. population older than 65 will expand by over one-third this decade, causing a dramatic shift in the makeup of the American population.  The implications are profound and only now beginning to be appreciated.
 

Today a lot of attention is focused on the increasing population of people 65 and older in the United States, particularly the 8,000 members of the baby boom generation who will turn 65 every day for the rest of the decade.  Unfortunately, discussion of the attitudes, desires, and needs of Americans over 65, and the housing markets they create, is greatly confused by tendency to consider everyone over 65 a “senior.”

 

There is no longer a single “senior” generation in America.  To refer to or consider it as such is to overlook the very significant distinctions and realities that shape lives and drive markets.  The fundamental point is that each of the generations now 65 plus differs and has distinct housing needs and markets.  The opportunities these generations present for the housing industry can be understood only by looking at each one and by recognizing that the future of the housing markets for each will be unlike those of past markets for people in their age group. **

 

Summit Senior Living is focused on meeting the many diverse housing needs that exist today and into the future for the different generations over 65.  Through innovation, passion and a long term ownership approach, our firm continues to be positioned to create and provide these needed housing and community solutions.

 

 

** ULI Senior Housing Report “Housing in America – The Baby Boomers Turn 65, by John McIlwain