A recent study from the Demand Institute found that unlike previous generations, a majority of Baby Boomers have no intention of leaving their current homes, a trend that could reshape real estate markets across the country. Of more than 4,000 Boomers who participated in the survey, 63 percent said they have decided to age in place.
The data shows significant confidence in many areas related to independent living for older individuals. With innovations in technology, community organizations, medicine and cultural attitudes, aging in place seems a much more reasonable proposition for people today than it was 20 years ago. Furthermore, many Boomers who plan to move from their current homes intend to find a bigger place, challenging the common belief that older people look to downsize.
"For the most part, they are still retiring in their mid-sixties and staying in their homes," stated the report. "They value strong family relationships; they want to be near their children and grandchildren. Additionally, many Boomers maintain plans to upsize their homes."
Though Baby Boomers were among the hardest-hit segments of the population during the recession, the Demand Institute's survey shows that their aspirations have not been hampered by tough financial times or the prospect of getting older. Rather than selling a lifelong house to buy a patio home in Florida, a majority of Boomers feel empowered to stay put in places where they've built families, livelihoods and a sense of community. With ever-expanding support systems for people aging in place, it's a choice that has become easier to make.
One of the most important elements of aging in place is staying connected with friends and family. With Independa's Angela™ platform, care recipients at home can communicate through the convenience of an LG TV. With handy alerts and an intuitive interface, the system promotes the activities of daily life that keep users feeling healthy and satisfied.
