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 Allmon, CAE
VP, Marketing & Membership
Facts and Figures, Memory Care Best Practices and Research, Memory Care Education, Reports
There are currently about 46.8 million people around the globe living with dementia with those figures expected to nearly double every 20 years, find...
Facts and Figures, Medication Management, Reports
More than 70 percent of Americans feel that drug costs are unreasonable and that drug companies are more concerned with profits than people, according...
Active & Engaged Seniors, Consumer Intelligence, Facts and Figures, Marketing Strategy, Reports
Older adults are most likely of all age groups to say they never go online, according to new Pew Research analysis of Internet adoption around the cou...
All About Alzheimer’s: A Look at Tests, Ethnicities, Diabetes, Drugs and Dementia-Friendly Communities
Facts and Figures, Health and Wellness, Memory Care Best Practices and Research, Memory Care Education, Reports
Errors on memory and thinking tests could signal Alzheimer’s disease up to 18 years before diagnosis, according to a new study from Rush University re...
Consumer Intelligence, Facts and Figures, Financing Senior Living – Consumer Education, Reports
Most Americans age 40 and older do not feel prepared for planning or financing long-term care for themselves or a loved one, according to a new poll f...