Assisted Living moving into the cities

In New York City, the push is on to create housing options for what will be nearly 2 million residents over 60 in the year 2040. Such development has traditionally been out in the suburbs, but when you have more than 10,000 baby-boomers during 65 each day, the demand will allow for these projects to take hold where real estate prices are higher.

By 2040, the city’s population of residents ages 60 and older is expected to reach 1.86 million—up 22% from 2013—and make up more than 20% of the population, according to projections from the New York City Department for the Aging.

Source: Housing for New York City’s Senior Moment – WSJ

About the Author

Chris Broussard
I'm the Co-Founder and President of Tematica Research and editor of Thematic Signals, which aims to uncover confirming data points and items to watch for our list of investing themes. Whether its a news item, video clip, or company commentary, we've included this full list of items literally "ripped from the headlines." I have been involved in financial services marketing and publishing for over 20 years – having held senior level positions with financial publishers, financial services corporations and providing marketing support and consulting services to financial institutions and independent financial advisors. My background in digital marketing, financial services and consumer research provides me with a unique perspective on how to uncover the underlying proof points that are driving the themes our Chief Investment Officer Chris Versace utilizes in our various Tematica publications.

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