Love Thy Neighbor Foundation’s goal is to provide the resources available for seniors, their families and caregivers to make informed decisions.
- Nearly 90 percent of seniors want to stay in their own homes as they age, often referred to “aging in place”. Even if they begin to need day-to-day assistance or ongoing health care during retirement, most (82 percent) would prefer to stay in their homes. Only a few express a preference for moving to a facility where care is provided (9 percent) or for moving to a relative’s home (4 percent).
- Living under one’s own rules is a key reason for staying in one’s own home, with 42 percent of seniors choosing it as one of their top three considerations.
- AARP identified housing features that seniors find are especially important in the later years as they begin to experience receded eyesight, poorer balance, reduced flexibility, etc.:
- Safety features such as non-slip floor surfaces (80 percent)
- Bathroom aids such as grab bars (79 percent)
- A personal alert system that allows people to call for help in emergencies (79 percent)
- Entrance without steps (77 percent)
- Wider doorways (65 percent)
- Lever-handled doorknobs (54 percent)
- Higher electrical outlets (46 percent)
- Lower electrical switches (38 percent)
Most of these features do not currently exist in most seniors’ homes. Of seniors who have made modifications to their homes:
- 70 percent said they did so for safety reasons
- 65 percent wanted to make the home easier to use by all family members.
- 60 percent wanted to increase their ability to live independently.
- 55 percent wanted to provide flexibility to adapt to the changing needs of family members.
Most pre-retirees expect they will be able to live independently during retirement; relatively few (14 percent) expect they will need day-to-day assistance or ongoing health care at any point during their retirement.
- Thinking about parents getting older is on the minds of most adult children (88 percent) and older parents (75 percent).
- More than half of the adult children (54 percent) think their parents will need their help but less than three in ten (27 percent) older parents agree.
- Seventy-five percent of adult children and 69 percent of parents think about the parents’ ability to live independently as they get older.
From the National Association of Home Builders:
Seventy-five percent of remodelers report an increase in inquiries related to aging in place.
- The NAHB predicts that aging in place remodeling market to be $20-$25 billion. That’s about 10 percent of the $214 billion home improvement industry.
According to the MetLife Mature Marketing Institute:
- Ninety-one percent of pre-retirees age 50-65 responded that they want to live in their own homes in retirement. Of that group, 49 percent want to stay in their current homes, and 38 percent want to move to new homes.
- Falls are the leading cause of injury-related visitors to the emergency rooms in the U.S. and the primary causes of accidental deaths (75 percent) in people over 65.
Baby Boomers on the rise
The United States Census Bureau defines “baby boomers” as those people born between 1946 and 1964. The return of U.S. servicemen from World War II sparked a sudden rise in the national birth rate; 3.4 million babies were born in 1946, a 20-percent rise over the previous year. By the end of the baby boom era in 1964, the babies born in the period made up almost 40 percent of the population.