senior citizens

Global coronavirus cases are expected to pass 30 million on Thursday, according to a Reuters tally, with the pandemic showing no signs of slowing.

According to the U.S. Census Bureau, all the members of the baby boom generation will be 65 or older by 2029. The number of baby boomers peaked in 2011 at 78.8 million and is expected to continue declining through 2040.1 This means that, as the baby boomer population grows older, more and more senior resources will be needed. And that includes senior housing.

While more senior housing units have been built to meet the needs of this large population cohort, the demand for units has not met the number of units that are available. Though demand is expected to skyrocket in the coming years, there aren’t currently enough seniors to fill all of the available housing. And this could be great news for older adults looking for savings or affordable housing options.