According to a 2022 survey, about 66% of the reported population stated that they planned on aging in place or remaining in their current homes after retirement. When asked if they would consider moving or downsizing, 36% said that they would not move and 37% said they were unsure.
It’s natural for older adults to wish to remain in their current homes as they age, especially when their home is where they raised their children, spent decades making memories with loved ones, and carefully created a unique environment suited perfectly to their needs.
Before deciding to age in place, there are many risks to consider, especially if you or someone you love lives alone. There’s no one-size-fits-all option for everyone, and we all experience the aging process differently. Therefore, it’s essential to weigh all the potential risks of aging in place to make the best decision for the future.
At Franklin Park® Senior Living, our communities in San Antonio embody the experience that high-end resorts offer. Beautiful landscapes, elegant architecture, and inviting atmospheres immerse residents to create an ideal environment for those looking to get the most out of their senior living experience. If you or a loved one are curious about the risks that come with aging in place, we’re sharing three of the major factors to consider before making a final decision.
Managing a household is a considerable responsibility that requires a great deal of effort and attention to maintain. Homeowners must ensure that light bulbs are regularly replaced, appliances are upgraded when necessary, and outdoor landscapes are kept neat and tidy. Additionally, there are numerous mundane tasks that must be accomplished daily, such as doing laundry, cleaning the kitchen, vacuuming, dusting, and so on.
For aging individuals, carrying out these tasks can be overwhelming, especially if they have a large living space or physical limitations. Home maintenance can also be dangerous and lead to accidents, such as slipping while climbing ladders to reach high places, falling while cutting grass or maintaining outdoor spaces, or stumbling on stairs.
Human relationships are a fundamental aspect of life that can profoundly impact emotional and mental well-being. As social beings, people require regular social interactions, which scientists have identified as a basic human need equally as important as food and water. In fact, the National Council on Aging has reported that social isolation, especially when it persists over long periods, can be as detrimental to health as smoking 15 cigarettes per day.
Social isolation has become a significant issue for adults who choose to age in place, and seniors who experience social isolation are more susceptible to developing cognitive decline, weaker immune systems, depression, and other mental illnesses. Living alone as an older adult can further increase the risk of isolation and loneliness, particularly if transportation is not readily available or if loved ones live at a distance.
To address these challenges, senior living communities recognize the importance of social interaction for maintaining a high quality of life. Communities offer a range of activities, events, and communal spaces to encourage the formation of meaningful friendships.
High Costs of Living
A common misconception about senior living? The pricing. Many adults choose not to consider moving to a senior living community due to the general idea that owning a home must be cheaper than paying monthly rent.
While aging in place may seem like the ideal option for many seniors, it’s essential to consider the potential financial strain it can place on individuals. In addition to general home maintenance and upkeep costs, there are also potential medical expenses to consider. As individuals age, the likelihood of requiring medical care increases, leading to significant costs over time. This financial worry can be particularly challenging for individuals living on a fixed income or relying solely on their savings. It’s crucial to carefully weigh the benefits and drawbacks of aging in place and consider all potential costs before making a decision.
Change can be scary, especially after spending decades in your home. However, Franklin Park® Senior Living in San Antonio is here to help you make the best decision for your retirement journey. Visit our website or contact a member of our team to learn more about what we have to offer.