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Age-qualified communities, also known as 55+ communities, active adult communities, lifestyle communities, or retirement communities, are often planned communities that offer homes and community features that are attractive to 55+ adults. These might include a clubhouse or lifestyle center with a good many activities, sometimes with indoor and ...
Continuing-care retirement communities are attractive for seniors who find themselves living in increasing social isolation as they age, [8] who would like to be immersed in a hospitable environment with other people of similar age [9] [10] and would like to plan for their long-term health care needs. [4]
Furthermore, most communities stipulate that if anyone under the age of 55 resides in their community, they must live in a household where at least one occupant is 55 or older. Nearly all age-restricted and active adult communities allow people under the age minimum, such as grandchildren, to visit and stay on a limited basis.
But, according to the Fed’s latest Survey of Consumer Finances, 37.8% of people aged 45 to 54 and 43% of people aged 55 to 64 have no money set aside in dedicated retirement accounts.
The NORC model allows people to retire in their existing homes and encourages communities of seniors to band together to provide mutual assistance. [43] NORCs can be very effective mechanisms to identify populations of people who need government-provided services and then provide those services in cost-effective ways.
Independent senior living communities (also known as retirement communities, senior living communities or independent retirement communities) are housing designed for seniors 55 and older. Independent senior living communities commonly provide apartments, but some also offer cottages, condominiums, and single-family homes.
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