The rising expense of long-term care for aging Baby Boomers will have a sharp impacat on the senior housing industry, according to new  analysis by the National Investment Center.  According to National Real Estate Investor, key conclusions include:

• Nearly 70 percent of Americans will need some form of long-term care;
• The number of people with disabilities will increase substantially;
• Demand for long-term care services will double by 2040;
• The rising price of services will impact expenditures;
• The ability of older people to pay for their own care will improve, with fewer people relying on Medicaid;
• No more than 20 percent of older people will have private long-term care insurance because of the high cost.

The study also looks at shifting patterns of care, especially the rise of assisted living and in-home care. The nursing home business is especially vulnerable as these changes accelerate.

The Center  focuses on research and education in the senior housing industry.

This entry was posted on Tuesday, April 1st, 2008 at 6:27 am and is filed under Health Care, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.