Millennials own fewer cars and drive less than their predecessors. They’d rather walk, bike, car-share, and use public transportation — and want to live where that’s all easy.
Chuck Gehring — who runs the Life-Care Alliance in central Ohio — calls it the “pig in the python” phenomenon, a not-so-flattering reference to the 60-million-plus, post-WWII baby boomers who will soon be turning 65. Their needs, as they continue to age, will be enormous, he says.
And in order for them to stay in their homes — as nearly all older Americans say they want to do — transportation options for them need to be improved. Especially since surveys show 600,000 drivers are now hanging up their keys each year after hitting age 70.
To hear demographers and journalists talk, the rapidly rising tide of retiring baby boomers is akin to a natural disaster of oceanic proportions: look out for The Age Wave!
From collaborative decision making to neighbors who truly care, cohousing is emerging as a viable living arrangement for aging adults.
Writers and planners like to call the aging baby boomer generation a “Silver Tsunami,” but the delta of a mighty river where channels branch off as the water flows into the sea might be a better metaphor.
As has been well documented, the housing and community choices being made by two major demographic groups — the just-starting-to-retire Baby Boomers, and the up-and-coming Millennials, who are now 14 to 32 years old — will be driving consumer demand in the upcoming decades.