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Nearly 5% annual growth for this industry over the next five years as the number of adult’s ages 65 and older continues to grow.

The $60.2 billion Retirement Communities industry includes businesses that provide “residential and personal care services for the elderly and other individuals who are unable to fully care for themselves or who desire to live in a community facility.”[13]Market research firm IBISWorld projects nearly 5% annual growth for this industry over the next five years as the number of adult’s ages 65 and older continues to grow. IBISWorld reports, “An aging population and growing need for dementia care (care provided to those with memory impairment) are stimulating much of the industry’s growth. Retirement communities provide a number of services to assist seniors who suffer from chronic illnesses or with activities of daily living. In the past five years, the number of assisted living facilities that provide dementia care has risen as a proportion of total facilities.”[14]
The following charts provided by IBISWorld, present an overview of the Retirement Communities industry in the United States.
[15]

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[13] IBISWorld. “Retirement Communities in the United States.” July 2014. Source:  http://www.ibisworld.com
[14] Ibid.
[15] Ibid.

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49 South 4th St., Central Point, OR 97502
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