An excellent in-depth report that looks at emergence of technology and aging in place choices that seniors over 65, “Baby Boomers” are making. Some great insights from Technology Watch on the demographic with e-revenues to exceed $30B by 2017. How does your business strategy fit? Where do your parents fit?
Laurie M. Orlov, for Aging in Place Technology Watch
THE CONTEXT OF AGING – EVERYBODY’S DOING IT, MOSTLY AT HOME
Eighty percent of older adults today live in their own homes – with one-third of the 65+ and more than 46% of the 75+ now living alone.1 Not surprisingly, the majority of them would like to or may be forced to stay there – and if they move, according to AARP, it will be to another private home.2 The desire to live at home dominates the minds of the oldest baby boomers; they began turning 70 in January, 2016.
HOW DOES THE AGING IN PLACE TECHNOLOGY MARKET EVOLVE?