Report Examines The Asset and Income Profile of Residents in Seniors Care Communities

Boston College’s Center For Retirement Research released a working paper entitled “The Asset and Income Profile of Residents in Seniors Care Communities” that reports on the income and assets of individuals that live in three categories of senior housing and care facilities – independent living communities (ILCs), assisted living residences (ALRs), and continuing care retirement communities (CCRCs).  The results show that residents in both ILCs and ALRs have average incomes that are lower than the average costs of those types of care communities.  While the paper’s conclusions may seem obvious to those in the senior living industry, the 36 page paper is definitely worth a read for some of the statistic and data that are derived from their research.  “The Asset and Income Profile of Residents in Seniors Care Communities

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