NY Times: As Gen X and Boomers age they confront living alone (no paywall)

[MineralMan]

13. What is being built, though, is massive senior living housing

projects. There are at least three huge ones going up in my Twin Cities suburb, and many more going up in the rest of the metro area. Depending on the building, you can rent apartments or buy a condo apartment. Most also have wings of the building for assisted living and even memory care. Interestingly, such facilities ae filling up quickly as soon as they're ready for occupancy. So more are being built.

It all sounds fine, until you realize that only those who can afford such a living arrangement can live in them. For elders who own a single family home outright, selling that home can easily buy you into such a development, with a good surplus for other needs. For those with excellent retirement planning, those developments are also an interesting option.

However, if you don't fit into either of those two groups, there's very little available in terms of living in later life. That is going to become more and more of a problem down the road. Not far down the road, either. The time is here already.