ATLANTA: There are two merging trends which are washing out growth in the integrated retirement community market.
Record house prices and low wages are leaving millions of young people growing old in their childhood bedrooms.
The second trend is the ‘abandonment of retirement.’ Over 23 per cent of the over 65 market is staying on in the employment sector. Over half still have a mortgage to service and a quarter are housing a ‘boomerang child.’
These trends could account for half the total over 50s market within two years…