Whether they’re for septuagenarians who can get around on their own or older people struggling with bed-confining illnesses, senior-living communities have surged in number in the past two decades, as the country’s retirement-age population has swelled.
Indeed, those aged 65 and older now represent 12.4 percent of the population, according to census figures, which is three times what it was at the turn of the last century. By 2050 that number will spike to 20.2 percent, the data show, and the supply of senior-living communities should continue to grow to match an increased demand, says Nancy Thompson, a spokeswoman for the American Association of Retired Persons.
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