The ageing Baby Boomer population is another need that makes an assisted living facility a timely and profitable enterprise. In today’s world, the average Baby Boomer is 65 years old. According to We the People: Aging In The, a special Census 2000 study authored by the United States Census Bureau, Among this population, 18.5 million people, or 53%, were 65 to 74 years old, 12.3 million, or 35%, were 75 to 84 years old, and 4.2 million, or 12%, were 85 and up. In this population, women outnumbered men, with 20.6 million women versus 14.4 million men. There were almost 2 million more women than men in the age groups 65 to 74 and 85 and older, and nearly 3 million more in the 75-to-84 age group.” Get the facts about Assisted Living
Residents in assisted living facilities may be young or old, wealthy or poor, frail or disabled. A typical resident is an eighty-year-old woman who is either widowed or single. Alzheimer’s disease or other memory disorders can affect residents. In addition, residents can need assistance with incontinence or mobility. Assisted living facilities are not for patients who need round-the-clock nursing care. Some industry experts believe that predicting what this new age demographic will look like is challenging, while others advise providers to prepare for an onslaught of demands for comfort, luxury, and place as we look into the future to prepare for the Baby Boomers. This category would have a considerable amount of discretionary spending power. They have more money than anybody else to spend on travel, vehicles, appliances, and toys. Residents of the long-term care sector will also have experience as executives, CEOs, CFOs, and vice presidents of major companies, as well as deep computer literacy and financial independence, all of which will result in higher-acuity care. Regardless of the size of the facility, service growth, creative facility design, product design, customised social and memory care programmes, and high-functioning care facilities will all be factors to consider.