Industry News

Most seniors believe homes OK for aging in place

Older Americans don't intend to move to nursing homes

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

The majority of seniors in the U.S. believe their homes are appropriate for "aging in place," or growing old at home, instead of moving to a nursing home, a study said. According to the 2005 Senior Sentiment Survey, a study by reverse mortgage lender Freedom Financial, 81 percent believe their homes are appropriate for aging in place, the company said Thursday. Of the seniors who say their homes are appropriate for aging in place, 84 percent said they intend to stay in their homes indefinitely, according to the study. Asked what modifications were necessary to make their homes more comfortable for aging in place, 42 percent of the survey subjects named installing a shower stall or seat, 37 percent named grab bars, 35 percent named walking ramps, 27 percent mentioned "glow in the dark" light switches and 18 percent named programmable thermostats. Slightly more than a third of seniors surveyed (35 percent) said they have lived in their current home for more than 20 years. Overal...