Financial Well-being of Residents in Seniors Housing and Care Communities: Evidence from the Residents Financial Survey

Introduction

With the leading edge of the baby boom generation reaching retirement age, decision makers need a comprehensive understanding of their social, economic, and health characteristics – both in terms of resources and needs – in order to adopt effective public policies and private services to meet the needs of an aging population.  One area of particular importance is their need for housing and long-term care services.  A variety of options is available to meet these needs, including independent living (IL) and assisted living (AL) residences…