On Bauer Business Focus — A conversation about the future of senior living with Andrew Schneider, business reporter for KUHF 88.7 FM.
The baby boomer generation is only getting older, and Patricia Will, founder and CEO of Belmont Village Senior Living, stopped by Bauer Business Focus to discuss what challenges they will face after retirement.
“The challenge for the baby boomers is going to be how to pay for it,” Will said. “The typical retirement plan, retiring at 65 for those who have already done it, is highly unlikely to be to carry them to 100. It’s not at all clear with fewer children underneath us if we will be able to take advantage of family support in the same way seniors do today.”
Belmont Village was founded almost 15 years ago and has expanded rapidly since opening its first assisted living community in Houston. The idea of opening the first community came from her own experience of finding assisted living for her mother in law after she was diagnosed with early stage Alzheimer’s disease.
“Our scope with respect to services for seniors has certainly changed beyond my wildest dreams. If you think about old age, it can be more of an opportunity than a problem,” Will said. “So what we try to do in our community is unleash richness where seniors can continue to live as independently as possible and at the same time underlying there’s ac clinical infrastructure to help seniors with their frailties.”
Click here to hear the full interview.