Baby Boomers —the generation born from 1946 to 1964— continue to have a remarkable impact on the United States population. Currently, 10,000 baby boomers turn 65 years old every day. Today, roughly 13 percent of Americans are over the age of 65. But according to the Pew Research Center, in 2030, 18 percent of the population will be 65 years old and older. This large shift in our aging population is cleverly called “the silver tsunami.”
According to the National Council on Aging, a nonprofit service and advocacy organization, nine out of 10 senior citizens intend to continue living in their current homes over the next 5 to 10 years. The Centers for Disease Control and Prevention define aging in place as “the ability to live in one’s own home and community safely, independently, and comfortably, regardless of age, income, or ability level.” This trend is being championed by baby boomers.
In our newest eBook, “Aging in Place and Home Accessibility,” we explore the market projections for aging in place trades, including medical alerts, stair lifts, and walk-in tubs.
Modernize currently services more than 300,000 homeowner requests for home accessibility projects each year. Learn more about helping homeowners in need, with Modernize as a trusted partner.