Assisted living facilities are slashing costs, negotiating fees and offering more services, as operators adjust strategies to attract more residents in a tough economy.
Assisted living isn’t exactly recession-proof, but it has a solid customer base because it’s need-driven business. If an adult has health problems that make independent living untenable, then a move must be made, despite the cost or current economic conditions.
Also, demand for all types of senior housing, including assisted living, will rise in the years ahead as 75 million Baby Boomers reach retirement age and the number of Americans 85 and older grows.
nytimes.com