College place: Retiring to alma mater
Maurer, James Robert
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As the baby boomer generation ages, the number of older adults is growing rapidly. The U.S. Census Bureau, which defines "older adults" as being age 55 or greater, reported over 59 million people in this category in 2002. This number is expected grow to nearly 96 million people by 2020. Consequently, there is a need for housing options appropriate to this growing demographic. One option that has been gaining popularity is retirement communities that are affiliated with universities. Universities can offer substantial benefits to older adults, ranging from intellectual pursuit to social, cultural, and athletic events. Retirees can also benefit the university with their experiential diversity, potential need for services, and financial capability. Establishing ties between a retirement community and educational institution provides benefits for both while simultaneously facilitating changing housing needs of the overall population.