We have previously blogged on the concept of “aging in place”, where older adults remain in their home as they grow older rather than moving into a retirement community or other care setting. A recent Forbes Health study suggests that approximately half of older adults who are currently aging in place do so without younger family members living with them to provide assistance to a greater degree. According to the study, the rates of those living independently may actually be higher among older ages (56%) when compared to younger seniors (47%).
Provided that accommodations are made to homes so that they remain safe, adequate caregiving assistance is available, and the older adult is able to fund the related costs without selling their home, aging in place can be an attractive option. Respondents to the recent study cited independence (the top reason), feeling happier and safer, and the desire to remain close to friends and family members as key reasons why they preferred to age in place. Interestingly, respondents did not report major differences in worrying, frustration, loneliness, feelings of safety, or happiness based on whether living on their own or with a supportive family member or friend.
Responses were more consistent between those living with family or independently in concern regarding housing alternatives, with one-third of older adults reporting that they worry about aging somewhere other than at home. Only 9% of younger seniors and 13% of those over 75 years old expressed that they were content with alternative housing options.
Of those choosing to age in place, primary concerns include fear of falling or requiring medical attention, not receiving necessary assistance with activities of daily living, and not being able to afford at-home care. Again, the rates of these concerns was not noted to meaningfully differ between older adults living independently or those living with younger family members.
As this recent study suggests, older adults may prefer to age in place for a number of reasons and, while many of them may see the benefits of that decision, there is no perfect solution suitable for all individuals. As our population continues to age, it will be interesting to see how trends relating to aging in place continue to develop.
Thank you for reading,
Nick Esterbauer
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