Last week, I wrote about the true cost of remaining in your current home as you grow older. As I reflected on the post, I began to wonder whether it inadvertently came across as a sales pitch for life plan communities, also known as continuing care retirement communities, or CCRCs. I was bothered by this [...]
Again and again, research finds that most senior adults say they want to remain in their home, at least as long as possible. While there are many reasons for this, cost is a consideration. Many people believe that it will cost less for them to remain in their existing home than to move to a [...]
As I’ve shared, we will soon be launching myLifeSite 2.0, a complete overhaul of myLifeSite's continuing care retirement community (CCRC) database and report engine. With the new website, access to our CCRC profiles will no longer require a login or payment. Additionally, you will be able to filter results based on your unique lifestyle preferences [...]
You’ve heard the phrase, “You’re only as old as you feel.” There is mounting evidence that, to a large extent, this cliché isn’t too far off. In several different studies, researchers have explored the difference between people’s chronological age (their age based on the number of trips they’ve made around the sun) and their subjective [...]
Many entry fee retirement communities offer residents the choice of a refundable entry fee as an alternative to a traditional, declining balance contract. Learn more about the trade-offs in this blog post from My LifeSite.
I’ve written several blog posts on the lingo used within the senior living industry. Some of the industry’s terms are more easily understood than others, however. For example, in last week’s blog post, we explored the meaning of “independent living” and how this label is applied to different senior living and care scenarios. This week, [...]
What do you think when you hear the term “independent living”? This phrase seems to have different connotations for different people, creating confusion. Even within the senior living industry, it gets applied to a pretty wide range of living and care situations. Let’s take a closer look at the meaning of “independent living” and how [...]
The rollout of the COVID-19 vaccine has been slower than hoped, but it is happening. Each day, more and more Americans have the opportunity to roll up their sleeve and get inoculated against this terrible virus. Hopefully, in the coming weeks and months, that number will go up dramatically as vaccine supply increases. With this [...]
In the United States, approximately 10,000 people turn 65 every day, according to the UN Population Division. The number of seniors will more than double by 2050, representing more than 20 percent of the nation’s population by 2050. Additionally, based on U.S. Census data, there are an estimated 73 million Baby Boomers in this country, all of [...]
Reading the news lately, it can be difficult to find much cause for optimism. Dominating the headlines: rising COVID-19 hospitalization, political turmoil, and economic uncertainty, to name just a few of the world’s current woes. Yet there are glimmers of hope amid the gloom. One example is a story I read last week in The [...]
