The oldest Baby Boomers celebrated their 65th birthdays in 2011. According to government projections, by 2030 nearly 26% of the U.S. population will be age 65 or older, compared with just 17% today. As the Boomers approach retirement age, they are not only appreciating the need and benefits of multi-generational design, but they are also assessing their own near-future needs.
According to a study by AARP, 89% of 50-year-old-plus Americans intend to remain in their own homes for as long as they possibly can, a phenomenon known as “aging in place”. People want to know that they will be able to live comfortably and independently in their homes. With a little planning, homeowners can make smart choices now that can make all the difference later.
The “aging in place” trend is creating yet another change in the profile of the typical American family. Experts predict that four-generation households will become more common as more Baby Boomers reach maturity and life expectancy increases.