As the world faces an aging population, the concept of “aging in place” is becoming increasingly popular. A recent Redfin survey revealed that 78% of baby boomers plan to stay in their current homes as they age. This trend is being driven by advancements in digital health services and financial incentives such as low mortgage rates obtained during the pandemic and various state tax benefits, which encourage baby boomers to stay in their homes rather than move.
To effectively age in place and maintain independence and a high quality of life, individuals can utilize various strategies and resources. Larry Carlson, an experienced eldercare administrator with over 45 years of experience and an advisory board member for elder care medtech companies NuAIg and VirtuSense, provides his analysis and strategies for navigating the complexities of aging in place.
According to Carlson, having a plan for care is essential. It is important not only to prepare financially for potential future home care needs but also to have a plan in place for who will provide that care. Planning ahead allows individuals to make important decisions while they are still able to do so.
In conclusion, as the trend of aging in place continues to gain momentum, it is essential for individuals to plan and prepare for their golden years in a way that ensures safety, quality of life, and independence within their own homes. By utilizing the right strategies and resources, individuals can successfully navigate the challenges of aging in place.
