Majority of adults want to age in their home, but few see it as feasible
A new survey of nearly 3,000 U.S. adults finds that although two-thirds want to grow old in their current home or community, only a third believe that they will be able to do so. Here's more:
- Overall trends: Those from the Greatest Generation (born between 1901-1927) and baby boomers (born 1946-1964) were most likely to want to age in their current homes, but these two groups were also the likeliest to believe they would meet that goal.
- Demographics: Low-income individuals and those who are Asian or Asian American are the least likely to believe they can age in place.
- Barriers: A quarter of respondents don't believe their home is suitable for the elderly, while nearly 30% say they don't have the funds to be able to carry on in their current setting. And 19% say they would feel alone if they aged in their current homes.
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