Let’s take a closer look at the senior living landscape: it’s gearing up for some significant growth. By 2028, the global market for assisted living is expected to soar to $138.2 billion, marking a 5.2% growth rate from 2021, according to Grand View Research. The U.S. market is also set to expand, with projections of reaching $83.2 billion by 2025, growing at a 4.4% rate from 2020. This growth is a global phenomenon as we seek innovative and time-honored methods to support our elderly. What’s driving this surge in assisted living facilities? It boils down to: 1️⃣ Aging Population: The baby boomer generation is now entering the age bracket where assisted living becomes an attractive option. By the year 2030, every baby boomer will be over the age of 65, many of whom will be drawn to the safety and sense of community offered by these facilities. 2️⃣ Longer Life Expectancy: Medical breakthroughs have extended our lifespans, necessitating long-term care solutions like assisted living for an extended period. 3️⃣ Family Dynamics: Modern family structures, with more dual-income households and geographically dispersed relatives, make it challenging to provide in-home care for the elderly. Assisted living offers a feasible alternative. Investing in assisted living facilities comes with its perks: 1️⃣ Stable Demand: The demographic trends ensure a consistent demand for these services, providing a buffer against economic fluctuations. 2️⃣ Government Support: Subsidies and support for elderly care from governments guarantee a steady flow of residents who can afford these services. 3️⃣ Diverse Revenue Streams: These facilities generate income not just from rent but also from additional services like memory care. If you’re interested in learning more about how to invest in assisted living facilities passively, get a copy of your FREE ebook today. It’s packed with valuable insights to get you started. Find the download link below! And if you have any questions or want to dive deeper into the possibilities, don’t hesitate to set up a call with me. I’m here to help guide you through your investment journey in assisted living facilities.
Assisted living's growth underscores the need for innovative elderly care solutions. Great insights! Megan Young
Those are impressive facts and stats. The aging will always be with us. It's a tenant base that isnt going away.
The growth in assisted living facilities reflects a positive shift towards supporting our elderly population. Thank you for sharing!
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6moI think assisted living centers are going to grow steadily and persist. Megan Young