The Aging Baby Boomer Generation Fuels the Enormous Assisted Living Industry

Written by News Channel 3 on November 26, 2013. Posted in Assisted living decatur il, Assisted livings, Residential assisted living

Residential assisted living

Let’s face the truth, as we age, it gets harder and harder to care for yourself, especially if you’re living alone. According to the United States Census Bureau, the life expectancy of the average american in 1983 was just over 74 years. By 2015, average life expectancy is projected to be almost 78 years. Combine this statistic with the large portion of elders being born into the Baby Boomer generation, and you have approximately 10,000 Baby Boomers turning the age of 65 each day, and this trend will continue until the year of 2030.

The overwhelming amount of elderly individuals living well into their seventies find it hard care for themselves. This has fueled a juggernaut within the housing industry, specifically with assisting living facilities. Assisting living facilities, commonly known as nur