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Tuesday, March 24, 2009

Retirement - Question 66

What do you think of senior life care centers for retirees?

Today's senior citizens are very different from their parents. Technological, medical, and social changes occurring during the past generation have modified the lives and expectations of senior citizens in the 1990s. When many of us were growing up, it was common to have one's grandmother living with the family. As grandmothers became widows and grandfathers became widowers, they moved in to their children's homes. This was the norm.

During the past 20-30 years, more families have become two-working-parent households. Both parents struggle to keep up with the increasing costs of living, the uncertainties caused by down-sizing or lack of job security, and galloping cost of medical services and college tuitions. These people are less able to take care of their elderly parents than prior generations were. Coupled with this dilemma, people are living much longer these days.

The major concerns of today's seniors are:
1. Maintaining their independence and not being a burden to children or spouse.
2. Outliving their savings.
3. Not being able to sustain their standard of living as they become older.
4. Not being able to drive, maintain their home, or feel safe and secure in their home.

Today's economic realities have created a need for life care centers for senior citizens to live in while they are healthy. These are not nursing homes designed for those unable to care for themselves, but are adult communities that provide complete freedom for its residents. The arrangement seems to satisfy a need for companionship. The responsibilities and hassles of home-ownership are eliminated.

Since many retirees relocate to warmer climates, their children may be more than 1,000 miles away. These communities provide a way to be independent for those having the financial means and good health.

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