Senior housing on the rise as older Americans live longer, head into retirement communities

The need for senior housing is on the rise as more Americans are aging into their golden years, and living longer. The nation’s population is getting much older, reports the U.S. Census Bureau’s 2010-2050 Population Estimates and Projections. By 2030, one in five Americans will be aged 65 or over; and America’s senior population is expected to rise from 40.2 to 88.5 million by 2050. Leading the pack are baby boomers (born between 1946-1964). As one of the largest, and most iconic generations heads into their senior years, demand for services — like housing — are on the rise.

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Source: Central Valley Business Journal