Rising demand for senior housing stands to follow the aging population trend, as shown in recent data from the U.S. Census Bureau. The Census reports a strong increase in the number of households headed by older adults.
The share of households headed by Americans born between 1945-64—also known as Boomers—accounted for 39% of American households in 2012.
The Census reports that since 1960, the share of householders age 75 and older has increased to 10% in 2012. While households for Americans ages 30-44 have declined in recent years—accounting for 32% of all households in 1960, now reaching 26% in 2012—the number of older households has showed no signs of slowing down.
Collected by the U.S. Census Bureau in association with statistics from America’s Families and Living Arrangements: 2012, the survey notes the share of households headed by 55-64 year olds increased over the last two decades, from 13% in 1990 to 19% in 2012.
Meanwhile, households headed by adults 30 years old or younger fell from 16% to 13% over the same period in which boomers rose.
Given these recent statistics collected by the U.S. Census Bureau for 2012, the increasing number of aging homeowners could fan the flames for a rising demand in long-term care in the years to come.
Written by Jason Oliva
