Oh my!

 

By the year 2036, 40% of people over age 62 are projected to have assets of $25,000 or less, and 20% are expected to have $5,000 or less in assets, according to figures presented by Plante Moran Living Forward at the 2016 Senior Housing News Chicago Summit on July 14.

By 2040, the number of those age 85 and up is expected to triple to 14.6 million, meaning there will undoubtedly be a need for senior housing that’s more affordable for the middle-income population.

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