ALEXANDRIA, Va. – April 20, 2012 – The results of a groundbreaking survey regarding the financial well-being of seniors housing residents are now available to download. The survey was designed and conducted by the Center for Retirement Research at Boston College (CRR) to better understand the current and future economic situation of the individuals living in private pay independent living and assisted living communities.
The survey gathered information on the income and assets of the population at the time of the survey (2011), as well as retrospective information concerning living arrangements, care provision, and financial gifts given. Topics addressed include the costs and satisfaction with the communities, methods of paying for the community, evidence of spending down or giving away assets, financial concerns, and the geographic mobility among the residents.
The survey’s sample consists of 2,617 respondents living in freestanding independent living communities, freestanding assisted living communities, and communities that offer both independent living and assisted living care segments. The survey respondents completed an anonymous questionnaire consisting of 41 questions posed across eight (8) pages. The results of the survey are so extensive that the findings are presented in a four-volume set of papers spanning 107 pages.
Key results from the survey reported by the CRR include:
Jaclyn Vann, CAE
Clinical Quality and Quality Care Delivery, Facts and Figures, Health and Wellness, Medication Management, News
Staffing shortages and rising prescription drug costs are two key challenges health care executives will face in 2017, according to a new survey.
Advocacy, Facts and Figures, Federal Agency Activity, Legislation, Long Term Care Insurance, Long Term Care Insurance Education, News, Public Policy, Regulations
A House subcommittee last week held a hearing on the federal long-term care insurance program, which recently came under fire for significantly higher...
Clinical Quality and Quality Care Delivery, Facts and Figures, Falls Prevention, Federal Agency Activity, Managed Risk, News, Research, Risk Management
Falls are the leading cause of injuries among adults age 65 and older and the Centers for Disease Control and Prevention has released the latest data,...
Elder Abuse, Facts and Figures, Federal Agency Activity, Hearings, News, Research
The Senate Aging Committee this week held a hearing focusing on the financial abuse of older Americans by guardians and others and concurrently releas...
Active & Engaged Seniors, Community Awareness and Education, Facts and Figures, Health and Wellness, Health Care, News, Reports, Research
Showing the highest rate of 11 countries surveyed, 28 percent of American adults said they have two or more chronic illnesses such as arthritis, diabe...