| Assisted living statistics helps understand how things | | | | significant because with increased demand will be |
| are changing with regards to senior citizen assisted | | | | greater spread of these assisted living facilities. In |
| care. The change is something to look into as it does | | | | 2002 alone, American Housing Association gave us a |
| not merely give figures on this niche area but also | | | | figure of 7150 assisted facilities that were home to |
| gives us a peek into the changed environment that | | | | 500,000 seniors in the United States. That works out |
| senior citizens today live in. | | | | at an average of 74 residents per facility. Being labor |
| In the 1990s, when this concept began there was | | | | intensive, just imagine the huge employment |
| just a handful of these emerging service providers in | | | | potential. |
| the market. And the rules were yet to be laid. | | | | These assisted living statistics also help us understand |
| Today, however one of the studies show that capital | | | | how much we can expect out of this niche segment |
| invested in this sector in 2030 will be around USD490 | | | | in terms of employment. In times of economic |
| billion. Compared to a mere USD 86 billion that was | | | | uncertainty, those working in the assisted living |
| invested in 1996. | | | | segment have observed that there were only minor |
| Increasingly people, entrepreneurs and speculators | | | | changes to their income and prospects. |
| are looking closely at these assisted living statistics | | | | In 2003, State Senior's Housing report also put forth |
| because they see growth beyond just senior care. It | | | | a median figure of USD 2050 per month as service |
| is a growth that is also economical. | | | | fee paid by seniors. This clearly states that there is |
| Today, it is being seen as an industry that needs a | | | | spending power and so it as an industry is actually |
| lot of attention. | | | | waiting to be tapped. What we now need is a better |
| The Benefits | | | | understanding of how to stream line our efforts to |
| The upside of this changed perception is two-fold. | | | | optimize economic benefits. It is only right to note |
| One with people treating it as a full fledged industry | | | | that in such a line of work EQ will be as critical as IQ |
| there will be an inevitable rise in the standard of | | | | and professional skills. Else the whole concept will |
| service provided. Better services, more organized | | | | collapse if people do not love what they do and use |
| efforts and consensus will do wonder for this sector. | | | | it merely as a stop gap solution. |
| At least that is what the assisted living statistics tell | | | | Imagine an elderly person being pushed around on a |
| us now. | | | | daily basis. It would be the end of the industry even |
| The other factor is an economic one. A current | | | | before we started making sense of these assisted |
| estimate of target people is about 1.78 million which is | | | | living statistics. |
| projected to double to 3.7 million by 2030. This is | | | | |