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Senior communities transform to meet boomers’ demands

Times are changing in senior living communities in the United States, as well as in other parts of the world.

Times are changing in senior living communities in the United States, as well as in other parts of the world.

Baby boomers (born between 1946 and 1964) have hit and are now hitting their retirement years and the entire landscape of senior living communities is and will be changing.

The senior living industry is being forced to re-evaluate how to provide costly services because more and more baby boomers have limited financial resources. This challenge means that consumers and businesses must learn to work together to balance the life span of seniors and their shortage of financial means.

One emerging trend is in the design of senior living communities. Today, the population that is retiring has a wide spectrum of desires.

Innovation such as wellness and cultural centers, inter-generational programs, restaurant-style dining, lifelong learning, new technology and community engagement are being integrated into senior living community designs to accommodate these changing and increased desires.

Households headed by baby boomers 55-64 years old have a median net worth of about $144,000, according to U.S. Census Bureau data. More and more future retirees are expressing stronger concerns about their savings being inadequate to meet increased housing expenses and a longer life expectancy.

Institutional living is disappearing, and the alternative design and operation exhibited in today’s senior living communities are “alive and well” with hospitality for residents who love leisure and personal preferences in all that they do.

Baby boomers are spending more on leisure activities than previous generations and they tend to ask, “What’s next?”

Baby boomers are active and want more community interaction. They are seeking college campuses and volunteer programs and want to stay active outside the senior living community where they reside.

Boomers want good health and lots of activity. They look for fitness programs of varying levels, healthy living education and other programs that will support their independent lifestyle.