What Baby Boomers’ Financial Divide Means for the Senior Living Industry

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 [...]

By |2025-03-17T16:36:13-04:00March 17th, 2025|

A Stark Contrast in “Peak 65” Baby Boomers’ Retirement Savings Pictures

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 [...]

By |2025-03-10T19:36:32-04:00March 10th, 2025|

What’s Included in the Monthly Fees for a Retirement Community?

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 [...]

By |2024-11-18T21:30:40-05:00November 18th, 2024|

Outside-the-Box Solutions for Middle-Market Senior Living

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” — [...]

By |2024-06-10T19:10:32-04:00June 11th, 2024|

2 Key Factors in Senior Living Cost Comparisons

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 [...]

By |2024-03-06T21:18:22-05:00December 5th, 2023|

Senior Living and Care Industry Must Create Solutions for Middle-Income Seniors

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 [...]

By |2023-07-19T15:38:46-04:00October 11th, 2022|
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