As of , approximately 73 million baby boomers, people born between and , are over the age of In another 10 years, by , all of them will be over 65, making it the second-largest age group. As a growing market that will have increasing needs, starting a senior care business makes sense for those looking for a viable, recession-proof business idea , given the size and profit potential of this market. Below are some of the anticipated needs of the senior target market that offer insights into potential business ideas. A variety of factors impact a senior's ability to age at home, including disability, lack of mobility, or chronic health conditions that often inhibit their ability to live alone.
Retirement homes have an image problem – but that might be about to change
Retirement homes have an image problem - but that might be about to change
Retirement homes are privately owned. They rent private accommodation to seniors who can live with little or no outside help. Retirement homes do not provide hour nursing care. You can expect to live much more independently here than you would in a long-term care home or supportive housing. The RHRA enforce care and safety standards and support the rights of residents through:. You do not need to provide proof that you are healthy and need little support and care.
10 Best Retirement Plan Options
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