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Argentum is the leading national association exclusively dedicated to supporting companies operating professionally managed, resident-centered senior living communities and the older adults and families they serve. Since 1990, Argentum has advocated for choice, independence, dignity, and quality of life for all older adults.
Argentum member companies operate senior living communities offering assisted living, independent living, continuing care, and memory care services. Along with its state partners, the Argentum membership represents approximately 75 percent of the professionally managed communities in the senior living industry—an industry with a national economic impact of nearly a quarter of a trillion dollars and responsible for providing over 1.6 million jobs. These numbers will continue to grow as the U.S. population ages.
Argentum’s mission is to promote choice, dignity, independence, and quality of life for seniors. To support this mission, Argentum influences public policy, promotes business excellence, and ensures an informed public.
Americans are living longer. About 70% of Americans will need some kind of long-term care after they turn 65. When the last of the baby boomers reach age 65 in 2029, they will represent more than 20% of the total U.S. population. Senior living services and products will see unprecedented demand in the coming decades.
In 2015, Argentum led a listening tour across the country with senior living stakeholders to explore national senior living goals and concerns. As a result of those conversations, Argentum identified five critical imperatives and is focused on addressing each unique challenge:
The industry will compete with the broader service sector to find qualified employees. Senior living needs to be innovative in attracting top quality candidates in order to maintain an essential, strong workforce.
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Marked growth in resident acuity and state regulatory measures will significantly impact the senior living industry in the coming years. The industry needs standards and professional certification programs to show its commitment to quality care.
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Senior living providers must be poised to embrace new business relationships and offer their services in new ways. Senior living leaders must advocate for state regulatory models allowing innovation.
Senior living is a great and affordable opportunity for older adults to experience an optimal quality of life in a social setting. However, as average life expectancy increases, so does the strain on retirement savings. Americans are saving less, living longer, and unfortunately unprepared for the cost of long-term care.
Senior living communities and services are increasingly the primary caregivers for people with dementias. Senior living must advance technology, services, and research to promote a treatment, cure, and greater quality of life for those affected by dementia. Senior living providers and their partners must build environments which support compassionate, purposeful living.
The senior living industry is responsible for providing over 1.6 million jobs and nearly a quarter of a trillion dollars in total economic impact.
Source: Senior Living Impact
Senior living has an enormous impact that is far-reaching outside of a community—from local businesses to charitable organizations to academic institutions, and beyond. The existence of a senior living community in your neighborhood, in your region, and in your state is a catalyst for business growth and social benefits.
Learn More with Senior Living Impact
Argentum is the leading national trade association serving companies that own, operate, and support professionally managed senior living communities in the United States.
1650 King Street, Suite 602
Alexandria, VA 22314
(703) 894-1805