Nearly 70% of older adults will need long-term care services, according to Harvard’s Joint Center for Housing Studies. But for many individuals, the cost of affordable long-term care services is beyond their reach in an industry facing higher labor and supply costs, a labor shortage, and other challenges. According to KFF (Kaiser Family Foundation) and The New York Times, nearly three million older Americans who need long-term care are not receiving it due to lack of accessibility and the high cost of assisted living facilities, nursing homes, and aides at home.
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Senior-Housing Communities Face Higher Vacancy Rates Amid Coronavirus
The aging-at-home movement, well under way when the Covid-19 pandemic hit, will likely be stoked by the staggering number of related deaths at U.S. nursing homes and other senior communities as well as the surge in telemedicine use. The deadly virus outbreaks at senior communities throughout the country is expected to be front of mind… Continue reading Senior-Housing Communities Face Higher Vacancy Rates Amid Coronavirus