As we discussed in last week’s blog post, the “Peak 65” portion of the Baby Boomers — the generation’s final cohort to reach retirement age — faces a financial landscape that is promising for some but uncertain for many. Indeed, the contrast is striking: While Baby Boomers collectively control a significant portion of American wealth [...]
In 2024, the U.S. attained a momentous milestone as a country. That was the year that we reached what’s been dubbed “Peak 65,” referring to the youngest, largest, and final group of retiring Baby Boomers. Indeed, it may just be the largest influx of retirees in history as more than 4 million Americans will reach [...]
If you’re considering moving into a retirement community, one of the first things you’ll want to understand is the cost. This includes any upfront costs, like an entry fee (if applicable), as well as the monthly costs. While pricing can vary significantly depending on the location, type of community, type of contract, and level of [...]
We’ve written several blog posts recently that have garnered attention, including one on the growing market for luxury retirement communities, and a post on the ever-increasing number of affinity retirement communities. But as we’ve noted, it is important that the senior living industry also continue designing solutions that work for the so-called “Forgotten Middle” — [...]
Services. Amenities. Location. Floorplan. Availability of care. These are some of the community features that affect senior living cost. At myLifeSite, we’re often asked about comparing retirement communities and costs. Just last week, we received a question about whether a rental community is better than a community requiring an entry fee, sometimes referred to as [...]
The National Opinion Research Center (NORC) at the University of Chicago is a well-respected, nonpartisan research organization that studies and analyzes a range of social and economic topics. In 2019, they published their groundbreaking “Forgotten Middle” study, which explored how the number, demographics, health status, and financial resources of middle-income seniors would evolve in the [...]
The cost of residing in a senior living community varies dramatically based on breadth of services, amenities, size of the residence, location…and sometimes the type of residency contract.
