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As America ages, there is a need for change in the way we approach our lives, communities and plan for the future. I Census Bureau reports that by 2034, older adults will outnumber children for the first time in history.
We cannot escape the fact that we are all getting older and living longer, and not only are we facing a housing shortage, we are facing a shortage of caregivers. The most efficient and effective solution is to think differently about how we build the average home and make it affordable and better for multi-generational living.
Why we must fight for change now
These changing demographics underscore the importance of planning for our future while supporting seniors and advocating for affordable infrastructure and housing. The time to “plan your life” is now, and why it is important to support inclusive, accessible life choices.
By actively supporting initiatives that improve affordable housing, public transportation, and age-friendly infrastructure, we can help build an inclusive society where everyone can thrive. Volunteering, working with local government, and supporting organizations focused on human rights and improving accessibility are ways to contribute.
Furthermore, these efforts are not just about seniors – they are about creating sustainable, inclusive communities of all ages and abilities. Accessible communities support everyone, from parents with strollers to people with temporary injuries.
The impact of the elderly on society
As people live longer, there is a growing demand for healthcare, high-quality services and accessible infrastructure.
Today’s seniors face many obstacles, according to the National Society on Aging. Seniors want to live independently, maintain their social connections, and continue to contribute to their communities.
However, many find themselves limited by unaffordable housing, inadequate public transportation and a lack of age-friendly public spaces. As we look ahead, individuals, families and policy makers must take concrete steps to prepare for these realities.
Part of this preparation involves taking stock of our lives, refining our goals and planning for a future that caters to the needs of an aging society.
Planning your life for a secure and fulfilling future
Planning your life to prepare for retirement is more than just decluttering; it’s about prioritizing what’s really important.
“Things” need maintenance and care; Too much furniture and things can cause injuries. I CDC reports “Falling” as a serious problem for many adults in America. Stairs, poorly designed bathrooms and kitchens, and clutter all contribute to these problems and a fall can steal independence and cause a senior to need care sooner rather than later.
This may mean downsizing, reassessing financial plans, or simply reevaluating long-term goals. Making these adjustments quickly can make future transitions smoother and give you more control in your later years.
Creating a clear financial road map that includes retirement savings, long-term care options and potential housing needs ensures that you are prepared for both expected and unexpected events.
Maintenance is incredibly expensive. Many households will not be able to access or pay for full-time care, meaning the home will need to be modified to accommodate multiple generations living together.
There is a huge demand for houses to be built outside the gate accessible design and that larger homes are more affordable for families who must provide care services, potentially, to children and the elderly together.
In accordance with Genworth of 2023 According to the Cost of Care Survey, the average cost of long-term care in the United States varies by type of service and room:
- Nursing homes: The average monthly cost for a private room is $8,669, and $9,733 for a private room. The annual cost of a private room is $116,800.
- Assisted living: The average annual cost is $64,200, or $5,350 per month.
- Domestic services: The average annual cost is $68,600, or $30 an hour.
- Home health services: The average hourly cost is $33.
- Senior day services: The average daily cost is $95.
Accessible design is also important to consider the role you will play in your family and community as you grow older.
Will you personally be the caretaker? Do you want to volunteer or advocate for others?
Planning your life helps you focus on relationships and commitments that will be more meaningful in the years to come; Having a plan and a few things to take care of so you can take care of others is essential to your ability to be agile.
A critical need for accessible housing and infrastructure
Accessible housing and infrastructure are essential to ensuring that people can age comfortably and safely. Unfortunately, many US communities lack accessibility options for seniors.
Wheelchair-friendly sidewalks, elevators, accessible public restrooms and affordable, single-level housing with thoughtful architecture are often lacking. As Americans age, these are no longer “nice to have” features – they are necessities.
The lack of accessible, affordable housing disproportionately affects seniors and those with disabilities, but it affects everyone. Advocating for housing policies that prioritize inclusive design and building communities with accessible infrastructure benefits people of all ages and ensures that the needs of older people are not overlooked.
As baby boomers age and as the average age of home buyers continues to rise, there is an opportunity to transform the housing landscape to support multigenerational residences that allow seniors to age in place while remaining connected to their communities.
Building a future for everyone
As we face a future shaped by the aging population, now is the time to organize our lives and fight for a society that respects and supports everyone, regardless of age or mobility. Generation X has become the “new sandwich generation,” balancing the responsibilities of caring for aging parents, supporting children in college and in some cases, even helping with grandchildren.
Many Gen Xers find themselves stretched thin as they provide physical, emotional and financial support for multiple generations. We have to start now to make changes because everyone is living longer.
By planning for our future and promoting accessible, inclusive infrastructure, we are building the foundation for a society that values individual well-being, safety and connection to their community. Agents have a unique opportunity to get involved at the grassroots level and tell their cities, counties and states that we need to do better. Our very future depends on it.
Rachael Hite is a seasoned real estate consultant and thought leader in the real estate industry, known for her extensive expertise in all matters of business, retirement housing, and affordable housing programs. Connect with Rachael on Instagram and LinkedIn.
