» Are Retirement Communes A Wave Of the Future?

Are Retirement Communes A Wave Of the Future?

White Plains, NY (Law Firm Newswire) October 9, 2013 - Co-housing is a growing trend among Baby Boomers, as the aging demographic works to delay the need to move into a nursing home.

New York Elder Law and Estate Planning Attorney Bernard Krooks

There are as many as 78 million people between the ages of 49 and 67 in the U.S., and few of them report that they plan to end up in a nursing home unless it becomes unavoidable. While some of the Boomers are planning to move in with their adult children, many more are not choosing that option. And, with one out of every four Boomers childless, relying on adult children simply is not an option. For others, the increased likelihood that their adult children live thousands of miles away means that the one-third of the Boomers who are single are without established household companionship. But not, it seems, for long.

The Boomer generation, elder advocates say, is one not entirely adverse to the concept of communes and communal living. This has led to a growth in a number of living options centered around some concept of an arranged community. The variety of communal living can be found in everything from retirement "communes" and co-ops to collective housing and condominiums.

By 2030, it is expected that there will be at least 72 million people 65 and older in the U.S: 1 out of 5 people will be older than 65. Elder care advocates expect that the growing cohort will likely spur a growth of shared-interest communities. Communities could be structured around shared interests like dogs or music, or activities such as gardening or playing cards.

There are already a number of "lifelong learning," secondary-education-based retirement communities in the U.S., close to five dozen situated near colleges such as Cornell and Dartmouth. And the growing number of 55-plus communities are already available in most major urban areas. Though generations living under one roof was once the norm, the migration across the country for work during the Depression Era, and the move to the suburbs in the post World-War II era fractured the practice.

The aging population, combined with the economic downsizing of the past decade, seems to be reversing that trend: The Pew Research Center reports that between 2007 and 2009, there was a 10.5 percent increase in the number of multigenerational households. Meanwhile, not all of those multigenerational households are made up of people related to each other.

New York Contact:
Maria M. Brill
Littman Krooks LLP
(914) 684-2100
[email protected]

New York City Office
655 Third Avenue, 20th Floor
New York, New York 10017
(212) 490-2020 Phone

Westchester Office
399 Knollwood Road
White Plains, New York 10603
(914) 684-2100 Phone

Dutchess Office
300 Westage Business Center Drive, Suite 400
Fishkill, NY 12524
(845) 896-1106 Phone

  • Westchester to Receive $3.3 Million Grant for In-Home Senior Services
    Governor Andrew M. Cuomo recently announced that the Westchester County Department of Senior Programs and Services will receive a $3.3 million grant for in-home services for seniors. Gov. Cuomo said that the funding would help older New Yorkers continue to live in their homes with dignity and would improve their quality of life. New York […]
  • When Not to Claim an Inheritance
    Although it may seem counter-intuitive to turn down an inheritance, there are situations in which it may actually be beneficial to do so. When a person refuses to accept an inheritance, that person is said to disclaim it, and the effect is the same as if the heir had predeceased the person who died. The […]
  • Settlement Reached for Seniors Who Must Leave Assisted Living Home
    An assisted living home for seniors in New York City is closing and five residents who had refused to move will accept a $3.35 million settlement. In March 2014, the management of a home for seniors in Brooklyn announced that the facility was closing and the residents would have to move within 90 days. Many […]

See other news sources publishing this article. BETA | Tags: , , ,

Get headlines from Law Firm Newswire sent right to your inbox.

* indicates required