Does the bad economy hurt assisted living?
With all of the doom and gloom of the economy as of late, I was wondering if that affects the assisted living industry? I am no economist, but I would imagine that it wouldn’t affect it negatively, since, if people need help or assistance, they really need to get it. You can’t stop the aging process, and you can’t stop the progression of some diseases or conditions.
I would bet that the assisted living industry will remain a growth industry regardless of what the economy does. Again, I am no economy guru, but that is my guess.
Things seem to be slow here in Orange County, CA. Many seniors are having a hard time selling there homes to move in to senior housing. With so many baby boomers aging I can’t see a slow down for too long.
05 Nov 2008 at 9:15 am