The new retirement: near the kids

Source: Jen. A Miller, New York Times (Paid Registration)

It is not uncommon for today’s seniors to live well into their 80s, 90s, even past 100. And when they can no longer be entirely independent, many are moving to be near their adult children for help in the last stage of their lives.

This phenomenon is driving an increase in the construction of senior housing across the United States. More assisted living, independent living and continuing care retirement communities are being built—not necessarily in the warmer climates where seniors have traditionally retired, like Florida and Arizona, but wherever economies are robust and booming, in places like New York, Denver, Chicago and Atlanta.

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