AGEIST speaks at SMASH:Reflection on Senior Housing

    The current senior housing model is being challenged to meet the demands of an evergrowing demographic - of people like us that strive to stay fully engaged and impactful in their lives.

    Last week, I gave the closing keynote at SMASH, the senior housing summit in Las Vegas. My job was to inform the audience about the person who is often the decision-maker in senior housing: the adult child. In other words, people like us helping to make decisions for our parents. It was a wonderful opportunity to speak in front of an audience that really does want to do the best they can for their customers. Despite some bad press a small number of operators get, this was an audience of people who really cared about their residents and how to best serve them.  


    This industry will be undergoing a tremendous amount of change and disruption in the next few years as people like us move up the age ladder. We are moving from an environment of needs-based decisions to aspiration-based decisions. Some of our parents may be from a generation that is accustomed to settling; we may not be.

    This is an Underserved, Underestimated Population

    The senior housing industry currently serves only 10% of the qualified and eligible population. Not a particularly auspicious stat. Without some serious changes in how their model is set up, that number may actually fall. Rather than address people’s desire to actualize the best version of themselves, to stay engaged and impactful in their lives, so often the opposite is done. Granted, there are medical issues for many people, and they must be regarded with the utmost respect, but what about all those people who are looking for an alternative to the big houses they live in now, for community, for meaning, for a fully engaging experience? 

    Our Biggest Fear is Not Death, It’s Irrelevance

    We did a study recently and we found that the biggest fear is not death, it is irrelevance. If senior living communities could address this (in even a small way, as the bar is pretty low now) they would have an opportunity not only to delight their current people but also lay the groundwork for a way forward. As Steve Moran of Senior Living Foresight wrote to me, “I think senior living mostly accelerates this problem.” I agree.

    Where Can We Become the Best Versions of Ourselves?

    Sure, there will always be the customer for the cruise ship in the desert model of senior living, an advanced age amusement park. But where have we ever seen a community marketed as ‘We will help you become the best version of yourself”? Are the current offerings really going to cut it? Some people may enjoy ma jong, but maybe there is something more profound than can be offered.

    This is an industry that we have our eye on, and are working with several partners on new offerings. Not just for the 85-year-old average age currently in the industry, but for people our age who would like a place and a community for the long haul.

    David Stewart
    David Stewart
    David is the founder and face of AGEIST. He is an expert on, and a passionate champion of the emerging global over-50 lifestyle. A dynamic speaker, he is available for panels, keynotes and informational talks at david@agei.st.

    More Stories

    Love for My Coffee Robot

    This is an unabashed love note to my new favorite home companion: The Breville Barista Express. It provides me with a level of satisfaction...

    Charisse Glenn, 62: Endurance Rider

    Hair and makeup on the portraits by Robyn Lynch @rlbeautydotcomIt took less than five minutes of speaking with Charisse to know we needed to...

    Bone Building Solution: OsteoStrong Machines

    Bones, like all parts of bodies, will adapt to correctly applied stress. The essential thinking here is that your body always wants to be...

    Podcast: Amanda Jones, 57. Overcoming Sexism and Ageism to Start a Business

    This week on the AGEIST Podcast, we have Amanda Jones, 57, founder of Kikoko, a fast-growing women-led cannabis wellness company. We admire her for...

    Jeff Walker Music Review: Terry Allen “Just Like Moby Dick” (Paradise of Bachelors)

    The multidisciplinary artist and songwriter Terry Allen, 74, has received prominent fellowships, has had work featured in biennales, and has released twelve albums two...