Seniors Prefer Home

Posted on: April 04 2022

92% of Seniors Want to Age in Place

According to a new “Importance of Home” survey released by American Advisors Group (AAG), the leading reverse mortgage lender in the United States based on industry endorsement data. In addition to the desire to remain in their homes as they age, 73% of respondents also answered that they see their homes as “their most valuable asset,” while 82% of respondents answered affirmatively when asked if they would prefer to live in their home for the rest of their lives if such an option was on the table.

Part of what drives the overwhelming desire for seniors to remain in their homes is the idea of safety. 83% of surveyed seniors answered that they generally feel safer when in their own homes, compared to living situations that do not involve their houses. Feeding into that idea of safety directly is the impact of the COVID-19 coronavirus pandemic, as 50% of respondent seniors said that the pandemic has contributed to their desire to remain at home.

AAG’s Importance of Home Survey was conducted on June 2, 2021, and included 1,552 participants,” the results of the survey read regarding the methodology. “Responses include numerous formats, including yes-and-no answers, ranking preferences, and multiple-choice replies. The survey was conducted on a digital platform so that participants from all regions of the United States could answer from the safety of their homes. All participants were selected randomly with age and homeownership being the only qualifying factors.”

Caregivers’ needs

AARP ”Home and Community Preferences Survey” from November 2021 shows that 77 percent of adults 50 and older want to remain in their homes for the long term — a number that has been consistent for more than a decade. The survey revealed that 1 in 5 Americans is a family caregiver and 52 percent of all adults live in a multigenerational household.

Among those polled, 40 percent said they care for someone living in their home and 38 percent look after someone living on their own. Of those, nearly half worried about the ability of the person they care for to continue living independently.

These caregivers also place a high priority on housing that fits people’s needs as they age, with 59 percent ranking that as important. More than half said they value homes that are more accessible, with features like wide doorways, no-step entries, and first-floor bedrooms and bathrooms.

This group also places a high importance on finding capable home-repair contractors for low-income and older adults: 77 percent said they value having affordable, trustworthy workers who can do home modifications.

Contact Us at Around the Clock Home Care for more in-home care information. Schedule a complimentary in-home care assessment to go over your needs and home safety.

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