By Carolyn Gray Anderson
By 2029, every member of the Baby Boom cohort — those born between 1946 and 1964 — will have turned 65. Boomers make up 35 percent of the U.S. population, and 45 percent of them are already past 50.
UCLA Ziman Center for Real Estate presented “Preparing for the Senior Tsunami: The Future of Affordable Housing and Long-Term Care” in partnership with Mercy Housing to address the fact that the majority of California’s housing stock was not designed with aging in place in mind. The day’s panelists agreed unanimously that today’s aging population is decidedly not interested in assisted living or skilled nursing homes.
The good news is that Americans are living longer and remaining relatively healthy. The not-so-good news? Americans are living longer and remaining relatively healthy. This means they insist on independence and a variety of choices well past the age their parents and grandparents might have done, minus the necessary savings or income. Although recent changes in health care law and regulations may move in the direction of community-based care models that focus on wellness, prevention and cost reduction, the regulatory bias in health care funding is still weighted toward institutional care.