Olympus Global Executive Search and Recruiting Human Solutions For The Global Community

Senior Housing

Senior Housing is America's largest growth industry designed to address the needs of seniors seeking active adult (55+), independent living, assisted living, or continuing care retirement community housing. The elderly population is expected to more than double by the year 2030 to 72 million, to make up 19% of the total population. In 2050, as many as one in five Americans could be elderly. This changing demographic is not unique to the United States. By 2050 there will be more individuals worldwide over the age of 60 than under the age of 15 for the first time in human history.

In response to this need, the Senior Housing industry has grown to nearly 50,000 communities, housing more than 1 million seniors in the U.S., as well as in nation’s around the world. In the U.S., such communities have grown to outnumber traditional skilled nursing facilities (“nursing homes”) by more than 3-to-1, by providing housing and care for seniors who may require social environments and/or assistance with daily needs, but do not require 24-hour skilled nursing care. In this regard, assisted living communities represent the vast majority of all senior housing, with an estimated 38,000 communities located across the U.S.

More significantly, the recent growth of senior housing is in advance of the "Seniors Boom", which is predicted to offer many of the most rapidly growing career opportunities as the Baby Boom generation ages. According to the U.S. Census Bureau, approximately 78 million Americans are represented by this generation (born between 1946 and 1964) the first of which will reach age 65 in 2011. By 2030, one of every five U.S. citizens will be over the age of 65. This changing demographic is not unique to the United States. By 2050 there will be more individuals worldwide over the age of 60 than under the age of 15 for the first time in human history.

The long-term national and international growth of the Senior Housing industry is anticipated to follow that of this aging population over the next 20 to 30 years. There will continue to be need for worldwide staffing services in healthcare, hospitality, administration, marketing, senior and social services in the opportunities represented by expanding Senior Housing.

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