Environmental gerontologist and social geographer Stephen M Golant, University of Florida has written a brilliant article on where older adults are living now and why they may opt to live with their cohort in the future:
“My focus is on the 93 percent of Americans age 65 and older who live in ordinary homes and apartments, and not in highly age-segregated long-term care options, such as assisted living properties, board and care, continuing care retirement communities or nursing homes. They are predominantly homeowners (about 79 percent), and mostly occupy older single-family dwellings.
Older Americans don’t move as often as people in other age groups. Typically, only about 2 percent of older homeowners and 12 percent of older renters move annually.Strong residential inertia forces are in play. They are understandably reluctant to move from their familiar settings where they have strong emotional attachments and social ties. So they stay put. In the vernacular of academics, they opt to age in place.”