Retirement living and assisted living facilities expect boost in development

Retirement living communities expected to increaseThe baby boomer generation is currently reaching retirement age, and the development of retirement living communities and assisted living facilities is on the rise in order to accommodate the large number of people, according to the New York Times.

The number of seniors is expected to double to 71 million by 2030, and this population will also increase the cases of Alzheimer's disease. It is expected that 7.7 million baby boomers will develop the disease, causing a need for assisted living care for these individuals, the news source reports.

Developers and builders are taking advantage of this time by creating new communities for people to move to, resulting in new and improved places for seniors to move.

According to the Chicago Tribune, there are several communities and facilities that are currently being constructed in the area, especially in suburbs and smaller towns. Not only are these areas developing these communities to accommodate the baby boomers, but also to promote them staying in the towns they have lived in for years.