Preparing for the Senior Tsunami

 

Preparing for the Senior Tsunami: The Future of Affordable Housing & Long-Term Care

Americans are aging in record numbers. Considered the fastest growing demographic, the elderly will soon account for 24% (or more) of the population, yet California’s housing stock is not prepared to meet this growing need. Additionally, the recent loss of redevelopment funding in California has exacerbated the challenge just at a time when the demand will be greater than ever.

Although recent changes in health care law and regulations are moving in the direction of community-based care models that focus on wellness, prevention and cost reduction, the regulatory bias in health care funding is still weighted toward institutional care. As a result, licensed nursing facilities remain the default homes for many low-income seniors who lack access to the affordable housing and supportive services that would allow them to live more independently. This outcome is an expensive and problematic one. Not only is nursing home care extremely costly, increasingly there are serious concerns about the potential health-related impact of institutional care.

Addressing the complex housing needs of this rapidly growing population presents a number of challenges, including financing, political and policy implications, and incorporating community-based services that are vital to the well-being and longevity of seniors.

The UCLA Ziman Center for Real Estate and Mercy Housing are pleased to present a special and timely forum with leading senior housing and healthcare experts to discuss innovative approaches to addressing California’s rapidly growing aging population.

Post-event Recap

 

02/26/2015

UCLA Ziman Center for Real Estate Braces for the Senior Tsunami

By 2029, every member of the Baby Boom cohort — those born between 1946 and 1964 — will have turned 65. Boomers make up 35 percent of the U.S. population, and 45 percent of them are already past 50.

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