Senior Housing News recently published an interesting article on the increasing demand for luxury senior living (read the full article at http://seniorhousingnews.com/2016/08/23/luxury-senior-living-booming/). The gist of the article is that many Baby Boomers are retiring with considerable wealth and intend to spend it on enjoying their golden years.
As more and more luxury communities come on line, it will be interesting to see if there is a "trickle down" effect on expectations for communities that are not in the luxury market, but still want to appeal to a high-end consumer. One also wonders how much of the Baby Boomer's wealth will be eaten up by the ever-increasing costs of health care – and whether the fear of those costs may temper their desire for luxury product.
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