There is an old Chinese proverb that states – “the best time to plant a tree was 20 years ago; the second-best time is today.” A new study by the American Consumer Institute shows that California should heed that advice when it comes to building senior housing to accommodate the skyrocketing aging population the state will see in the coming years.
According to data from the National Investment Center for Senior Housing & Care, there are nearly 14,000 senior housing properties with over 1.7 million housing units across the country. That represents only one unit for every 26 Americans 65 years of age or older, so it is clear that this problem isn’t unique to California. However, California’s 65+ population will nearly double over the next twenty years.
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