As America’s senior population continues to grow at an unprecedented rate, the need for a larger, well-trained workforce is becoming imperative. And while the growth of the seniors housing and care industry offers exceptional career opportunities for those entering the workforce, the industry at large is still often over looked.
Today’s capital market conditions are favorable: capital is relatively inexpensive and readily available. Looking ahead, what will happen if and when the capital markets change? A change in policy by the Federal Reserve has the potential to cause a sea of change for both lenders and borrowers as the cost of capital increases. Higher interest rates will change the economics of a transaction and may cause some investors and lenders to reconsider deals and opportunities.
The shift in ideals surrounding how Boomers wish to spend their golden years is drastically different from the ideals of their parents. To start Boomers reject the term “senior” they fear embracing this societal coined term for aging is a direct correlation to the loss of their independence. Boomers want to remain independent to make their own decisions, to live in a cross generational authentic community where their contributions are valued. In stark contrast, the previous generation is seemingly content living comfortably in a community with others in their age cohort, where meals and daily activities are pre-planned.