Why is demand for assisted living expected to increase?
Answer:
Several factors are driving demand:
- Americans are living longer.
- Approximately 11,400 people turn 65 each day.
- More older adults are reaching ages where assistance may be needed.
- Families are increasingly dispersed geographically.
- Many adult children cannot provide daily hands-on caregiving due to distance or work obligations.
These trends are expected to continue for decades.