Part 2 of our discussion on Trends in the Senior Living Industry.
- Technology - As seniors become more tech savvy and the industry is constantly offering more advanced technology, communities need to brace for the changes they will need in infrastructure and connectivity in order to remain competitive. Older communities may have trouble if they don't plan accordingly in this area.
- Smaller, More Custom Living Arrangements - As more Americans are embracing the smaller living options, so too will seniors. They can offer more affordable options therefore, appealing to a larger customer base.
- Tying Into The Younger Residents - Keeping your eyes on the growth of the 55+ communities will keep you abreast oft he types of lifestyle your future residents wish to live. When this group is ready to move to a Life Plan Community, they will have more options than ever before. Look for more active, socially aware and specific branded groups (think interests - religious, sexual, ethnicity). Stay tuned for more on this subject in future blogs.
- Similarly, Attracting the Gray Divorce Single - Divorce among the 55+ crowd has almost doubled since the 1990's. That results in over a 43% rise in seniors living along just since 2000. This will shape your future thinking of floor plan sizes, social activities, dining & service options.
More To Come Next Week!
Check out our blog from last week as well: Industry Trends - Part 1.
Is your community in need of some helpful Sales Training?
Check-out our Radical Sales System. This service offers Pre-Training Analysis, Face-to-Face Training and Webinars.
Like what you are reading here?
You can subscribe to our blog through our RSS feed which you can set to automatically download each new blog article to your inbox!
RSS Feed for RD Blog -
If you would like to add the blog to your Outlook RSS Channels directly use the following link: https://www.retirementdynamics.com/RSSRetrieve.aspx?ID=28586&Type=RSS20
If you have trouble displaying the RSS feed using Chrome, please install the Chrome RSS Feed Extension that can be found here.
Subscribe to Weekly Email with Latest Blog
About the Authors
Our blog is written by our Retirement Dynamics team members.