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. Argentum member companies operate senior living communities offering assisted living, independent living, continuing care, and memory care services to older adults and their families. Since 1990, Argentum has advocated for choice, independence, dignity, and quality of life for all older adults.
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 part of a ten-year outlook, Senior Living 2025, Argentum has identified five critical imperatives to address these issues:
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.
Marked growth in resident acuity and state regulatory measures will significantly impact the senior living industry over the next 10 years. The industry needs standards and professional certification programs to show its commitment to quality care.
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.
Published by Argentum, this roadmap analyzes the current landscape of senior living care, and forecasts the outlook of the industry to 2025. It was produced in consultation with hundreds of top senior living executives and other advocates, thought leaders, and policy experts, outlining the most significant opportunities and challenges facing the senior living industry over the next decade
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