Industry News
Health Affairs Finds Many Middle-Income Seniors Will Have Insufficient Resources for Housing and Health Care
On May 1, 2019, the online journal Health Affairs published a web article titled, “The Forgotten Middle: Many Middle-Income Seniors Will Have Insufficient Resources for Housing and Health Care.” According to the article, there will be an estimated 14.4 million middle-income seniors by 2029. Of those, 60% will have mobility limitations and 20% will have high health care and functional needs. Likely many of these seniors will need the level of care provided in senior housing, but an estimated 54% will not have sufficient financial resources to pay for it.
Health Affairs suggests that to meet the future long-term care and housing needs for middle-income seniors, public policy and the private sector should recognize the full range of services that seniors may need as they age. The article concludes, “Innovations from policy makers and private-sector housing operators and their investors will be required to serve this middle-income cohort.”
The article is available here.