One of the most difficult decisions an older couple can make is whether to remain in the home they own or to sell the home and move to a retirement community. Aging in place allows the couple to continue relationships with neighbors and local friends, to participate in community activities they enjoy, and to feel […]
The adult children of disabled parents are often asked for advice about their parents’ housing options. When parents need around-the-clock care, a nursing home might be the most realistic choice. A parent who needs assistance with the activities of daily living might remain in her home with the help of family or outside caregivers. When […]
Almost 6 million people in the United States are living with dementia. About 97% of dementia patients are over the age of 65. The CDC predicts that 14 million people in the US will be diagnosed with dementia by 2060. Dementia is the generic term for diseases that impair memory and other cognitive functions to […]
When adult children discuss housing choices with their aging parents, it may become apparent that it would be wise for the parents to move to an environment that caters to older adults. Parents who have substantial equity in a family home might want to sell their house and purchase a home in a retirement community. […]
Older adults who shop for a retirement community might base their decision on several factors. Location is important to seniors who want to live near friends and family or continue treatment with their current doctors. Weather can also be an important consideration for seniors who want to escape harsh winters or avoid scorching summers. Two […]
As adult children help their aging parents decide how to meet their future housing needs, they typically ask whether the parent is capable of aging in place. Older adults often hope to stay in the family home for as long as they can, but coping with stairs and home maintenance can pose difficult challenges. Children […]
Older Americans with modest incomes are increasingly challenged to find affordable housing. Statistics show that households consisting of people who have reached the age of 80 have a mean annual income of $25,000. A quarter of those households have an annual income of less than $15,000. Most families need to earn nearly $60,000 a year […]
Nursing homes provide residential care for patients who need around-the-clock medical attention. The National Center for Health Statistics reports that nearly two-thirds of nursing home residents are over the age of 75, while more than a third are over the age of 85. About 1.4 million patients reside in more than 15,600 nursing homes in […]
Florida has a growing population. It also trails Maine with the second highest population of residents who are 65 or older. Finding affordable homes for the state’s influx of older residents has become a serious issue. Florida’s Affordable Housing Crisis Long seen as a warm-weather retirement destination, Florida’s popularity with seniors comes with a cost. […]
Developers and housing authorities are investing in senior housing projects. Investments are essential as members of the baby boomer generation grow older. Affordable housing is an increasing concern for seniors who are entering their retirement years. Older homeowners may have mortgages that they will continue to pay with Social Security and other post-retirement income. In […]