The most common options for single, healthy seniors are to either live alone, move into an institutional senior living facility, or move in with family.
Each option can present issues. Living alone can lead to loneliness-related health issues; institutional living is too expensive for most families; and moving in with family can put an additional burden on children now raising their own families.
UpsideHoM is building a new model to tackle some of these issues, and they’re calling it a “deconstructed” senior living facility.
Baby boomers and senior living
Driven largely by the coronavirus pandemic, senior living occupancy rates are shrinking, while inventory growth has also slowed. Less people are living in senior housing, and the capacity of senior living is topping out — all while boomers continue to age.
According to a report from the University of Chicago, by 2029 less than half of middle-income seniors in