Most people are familiar with the old adage of the forgotten middle child. The youngest draws the coddling of being the smallest, while the oldest child has all the expectations of being the first to do whatever. It harder to get attention when you are that one in the middle. It can seem like you are stuck on pause. When it comes to looking at the road ahead for those who are in the middle income category regarding affording the basic necessities of retirement, being in the middle has finally gotten some attention.
Of course the purpose of this particular study was to survey the market for investing in senior living facilities and communities. The silver tsunami of 10,000 people retiring a day will continue for several years and it will remain a big draw for investment. It seems that the demand will be there but not the bucks to afford all the lovely accessible spaces that are being built.
The condensed take on this was in Barron’s magazine just last week. https://www.barrons.com/articles/retirement-housing-costs-51556313926