NY Times: Retirement Trends Toward Staying in Home

The trend in today’s retirees’ plans is to age in place, maintaining their longtime homes, writes the New York Times this week. 

Increasingly, people will stick to their homes and communities with services flocking to those areas, the article finds, including city dwellers that will enjoy new infrastructure geared toward the aging-in-place movement. 

The New York Times writes

Advertisement

Influenced by long-term trends in housing design, communications technology, medical care and the expectations of the largest retiree generation in United States history, the outlines of the next era of American retirement are gaining clarity across the country….

…“We’re seeing the development of housing networks and social networks and service networks that provide the activities and support for many more people to lead the lives they want in their homes,” said Paul B. Kusserow, senior vice president and chief strategy and corporate development officer for Humana, the large Medicare insurance provider, which is based here.

Recognizing the strength of that trend, which is developing in an era of rising energy costs and static incomes, cities are building new neighborhood infrastructure — transit lines, public markets, parks and denser housing — that is accessible without driving.

Cincinnati and Grand Rapids, Mich., for instance, are among the dozens of small American cities that are building new rail and rapid bus transit lines that serve the growing number of young professionals, as well as middle-age and older residents moving to their downtowns.

“Young people and old people are sharing some of the same values about neighborhood living,” said Armando Carbonell, chairman of planning and urban form at the Lincoln Institute of Land Policy, a research group in Cambridge, Mass. “They share preferences in housing that are showing up in the market. It is a kind of living that is more central city, smaller units for smaller households.”

Software developers and engineers say they are making it easier for people to stay in their homes — urban or suburban — by inventing sensors, audio and visual equipment, and communications devices to provide care remotely. Much of the data, video and sound is accessible online, enabling instant contact with residents, and providing peace of mind for friends and family…..

Read the full NY Times article.

Written by Elizabeth Ecker

string(94) "https://reversemortgagedaily.com/2013/03/14/ny-times-retirement-trends-toward-staying-in-home/"

Share your opinion