This report provides an overview of the findings from the National Council on Aging's (NCOA) latest study, which found that seniors are still eager to age in place.
The study shows that people are less likely to want to live in assisted living facilities if they have a social network. It also found that people who have family caregivers are more likely to want to stay in their homes.
Seniors are looking to age in place, but many will not be able to afford it.
As more seniors are living longer than ever before, the desire to stay in their homes and communities is stronger than ever.
However, they do not have enough funds to keep up https://www.sondercare.com/about/ with increasing housing costs.
This leads them to either move in with family members or move into retirement communities.
Seniors’ desire to age in place remains strong, but the availability of affordable housing near their desired communities is shrinking.
The vast majority of seniors want to age in place and live independently for as long as possible. This is because they enjoy the convenience and comfort of living close to their friends and family, and having a home where they've made memories throughout their lives. However, the availability of affordable housing near these desired communities is decreasing. Families are becoming more reluctant to sell their homes because they know that there won't be anything available for them later on down the road.
Moreover, many seniors refuse to downsize because it would leave them feeling isolated or disconnected from society. They feel like it's way too much work - so-called "aging-in-place anxiety".