TIP Blog

Securing Senior Living Part #1

Noticeably, the number of senior living facilities around the United States has increased significantly over the past few years. In this 6 part blog series, we will cover the full spectrum of senior living facilities today, starting with the basics and ending with technological advancements available. A number of factors contribute to the increase of the population percentage of seniors like: the Baby Boom, overall population, and life expectancy.

The Baby Boom

The number of individuals in the United States between the ages of 65 and 84 is expected to increase by 38.8% between 2010 and 2020. According to History, one in five Americans will by older than 65 by the year of 2030. With the rapid increase of seniors in the United States because of the Baby Boom, the assisted living industry is experiencing substantial growth. Senior living facilities are experiencing head on competition with other similar businesses to provide the best service for residents. Independent living, assisted living, and nursing home facilities are all working to create the best home for senior residents where they can live happily and be cared for by skilled employees with cutting-edge technology.

Overall Population & Life Expectancy

According to the United States Census Bureau, the estimated United States population in 2014 was 318,857,056. 14.5% of those 318 million people are seniors; they are 65 years of age or older. This percentage may not seem alarming, but think about it: that’s 46 million people! With our population’s rapid growth and life expectancy increasing, it’s important for the senior living business to keep up in terms of medical care, overall assistance, and technological advancements available.

In part 2 of this 6 part series on securing senior living facilities, we will look into the main types of technologies the industry is using today.

Learn more by contacting us or by downloading our senior living whitepaper below.