Mission & Vision
A Mission to Promote Senior Living
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.
A Vision for the Future of Senior Living
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.
Senior Living Is An Economic Driver
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.
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Did You Know?
- The senior living industry outranks the economic impact of the air transportation, auto manufacturing, and hotel & motel industries.
- One in every $137 in the nation is either directly or indirectly generated by the operations of the senior living industry.
- The spending and operations of the senior living industry have a direct impact on the United States of $97.2 billion annually.
- Spending ripples through the states, causing indirect and induced impacts of an additional $149.7 billion.