There are many reasons why investing in senior care real estate is a good idea. But one of the best reasons is something nobody can deny.
Demographics and the Senior Care Boom
The world is becoming more crowded. And older. But do you know how old? And how fast it’s growing? Here are some numbers that may surprise you.
- According to the U.S. National Institue on Aging, the number of people 65 and older worldwide will more than double to 1.4 billion (yes, billion) people by 2040.
- In the U.S., we’ll have more than 88 million age 65+ by 2050. One in five people will be in that age group.
- Also in the U.S., the number of persons age 85+ is growing at an even faster rate, tripling to 19 million by 2050.
The population growth of persons 65+ will mean many things for our world. But it’s sure to mean a significantly greater demand for senior care real estate. Over the next 30 years, senior care real estate will change in many ways, just as it has over the past 30 years. Consumer preferences will change. Payment sources will change. Regulations will surely change.
How will each of us meet the challenges of this change? And how can we benefit from the opportunities of this change? I’m curious what others have to say. Leave a comment with your thoughts on the challenges and opportunities with the senior care boom.