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Aging in Place: 8 Unintended Impacts of This Boomer Trend

May 13, 2024 By Catherine Reed Leave a Comment

Aging in Place 8 Unintended Impacts of This Boomer Trend

Aging in place, the decision by seniors to live in their own homes for as long as possible rather than move to specialized retirement communities has become a significant trend among the Baby Boomer generation. This choice, driven by a desire for independence and comfort, has numerous benefits. Yet, it also brings several unintended consequences that impact not only the individuals but also their families, communities, and even the healthcare system. Here, we explore eight such impacts that merit attention.

1. Increased Demand for Home Modifications

Increased Demand for Home Modifications

The trend of aging in place has led to a booming industry in home modifications. Homes need to be retrofitted with safety features such as grab bars, non-slip floors, and improved lighting. While these modifications can significantly enhance safety and mobility, they can be costly and require ongoing updates as the individual’s needs evolve. This necessity often places a financial strain on seniors who might be living on fixed incomes.

2. Changes in Local Healthcare Services

Changes in Local Healthcare Services

As more seniors choose to age in their own homes, there is a corresponding increase in demand for local healthcare services, including home health aides and mobile medical units. This shift can strain local healthcare resources, leading to longer wait times and potentially reduced care quality. Communities might find themselves needing to reevaluate and increase their healthcare capacities to cater to this growing demographic.

3. Impact on Senior Socialization

Impact on Senior Socialization

While aging in place allows seniors to maintain their independence, it can also lead to social isolation, particularly for those who live alone. Isolation can exacerbate feelings of loneliness and depression and can have a severe impact on a senior’s mental health. The community and family members often need to intervene, creating social programs and regular visitation schedules to keep these valued community members engaged and connected.

4. Economic Effects on Local Markets

Economic Effects on Local Markets

Seniors aging in place can significantly influence local economies. They may contribute less to the economy in terms of mobility and spending. Still, they can boost demand for local services and products tailored to their needs, such as home delivery services, personal care, and home maintenance. This shift can lead to the growth of new businesses but may also cause others to struggle as the market changes.

5. Increased Family Caregiver Responsibilities

Increased Family Caregiver Responsibilities

Families often become the primary caregivers for relatives who are aging in place, which can lead to increased stress and financial pressure on these caregivers. Balancing work, personal life, and caregiving responsibilities can be challenging and might lead to burnout. Plus, not all families have the capacity to provide the necessary care, which can lead to gaps in support for older adults.

6. Strain on Public Health Resources

Strain on Public Health Resources

The choice to age in place can place a strain on public health resources, particularly in areas with a high population of seniors. Public services such as emergency response, transportation, and social services may become stretched, requiring new strategies and increased funding to manage effectively. These changes necessitate careful planning and resource allocation to ensure that all residents receive the support they need.

7. Alteration of Housing Markets

Alteration of Housing Markets

The trend of aging in place impacts the housing market in significant ways. Seniors holding onto their homes longer can reduce family-sized homes’ availability, affecting housing prices and accessibility for younger families looking to buy. This dynamic can alter neighborhood demographics and potentially slow down the rejuvenation of specific areas.

8. Environmental Implications

Environmental Implications

Finally, aging in place may have environmental implications. Older homes may require more energy for heating and cooling, which can lead to increased carbon footprints. However, by staying in existing homes, seniors might also reduce the demand for new construction, which can have environmental benefits. Balancing these factors is essential for sustainable community planning.

Aging Place Is Popular, But There Are Drawbacks

Aging Place Is Popular, But There Are Drawbacks

As aging in place continues to grow as a preferred option among Baby Boomers, the ripple effects of this trend are becoming more apparent. While it promotes autonomy and comfort for seniors, the broader impacts on families, communities, and healthcare systems are complex and require proactive management and policy adjustments. Recognizing and addressing these unintended impacts is crucial for creating a supportive environment for seniors choosing to age in their own homes, ensuring their safety, health, and happiness.

Read More:

8 Potential Impacts of Social Security Raising the Retirement Age

12 Cities You Wouldn’t Believe Are Retirement Paradises

Catherine Reed
Catherine Reed

Catherine is a tech-savvy writer who has focused on the personal finance space for more than eight years. She has a Bachelor’s in Information Technology and enjoys showcasing how tech can simplify everyday personal finance tasks like budgeting, spending tracking, and planning for the future. Additionally, she’s explored the ins and outs of the world of side hustles and loves to share what she’s learned along the way. When she’s not working, you can find her relaxing at home in the Pacific Northwest with her two cats or enjoying a cup of coffee at her neighborhood cafe.

Filed Under: Retirement Tagged With: aging in place, baby boomers, Home, housing, lifestyle, Retirement, retirement planning

Feed a Hungry Teenager Without Breaking Your Grocery Budget

March 22, 2021 By MelissaB 1 Comment

Feed a Hungry Teen

I’ve heard how expensive it is to feed a hungry teenager because they can eat everything in the house, and now I’m experiencing it firsthand.  My son isn’t even a teen—just 12—but over the last six months, he’s grown three inches and put on 20 pounds.  I used to think my husband could eat a lot, but our son can easily eat double or triple what his dad can eat.  Then an hour or two later, he’ll tell us he’s hungry again.  If you have a tween or teen, this may sound all too familiar.

However, we don’t really have enough room to raise the grocery budget, so we’re finding creative ways to keep him full.

Satisfying Foods to Feed a Hungry Teenager

There are several foods that can keep your hungry teen satisfied.

Protein

Meat can be expensive, but growing teens need protein to help them feel satiated.  We make sure to serve an ample serving of protein at breakfast and during every meal.  Some of our favorite breakfast proteins include homemade meat patties, eggs, or bacon.

For snacks, we like to make protein based snacks such as these Cacao Balls.  Between the pecans and protein powder, this snack keeps our teen full.

Healthy Carbs

Three staples in our teen’s diet are white potatoes, sweet potatoes, and rice.  He often eats rice with breakfast, homemade baked French fries for lunch, and baked sweet potatoes for dinner.  These carbs help fill him up and round out his meal.  After he eats an entire plateful of food and is still hungry, we give him vegetables and one of these carbs.

Fruits

These are a great way to fill up hungry teens, especially in between meals.  I find that grapefruit is my best bet.  It’s not that expensive, and it’s large and watery, so it fills him up.  Other options include apples, pears, bananas, oranges, or whatever other fruit you have on hand.  I always buy a lot of fruit when doing my weekly shopping.

Veggies

Vegetables are another choice that aren’t that expensive.  Organic carrots are .60 a pound at Costco.  We buy the ten pound bag and prepare them as raw carrot sticks or as roasted carrots.  We also frequently give the kids hummus to dip their veggies in.  Whenever a vegetable is on sale, I stock up and make extra knowing that our son will have multiple servings.

Healthy Fats

Feed a Hungry Teen
Photo by Heather Ford on Unsplash

Healthy fat can definitely help fill up a teen.  We’re big fans of avocado.  We often make guacamole to serve with our salads and soups.  We also serve it as a snack with organic corn chips.  Coconut oil, coconut cream, and coconut milk are also great ingredients to use in muffins, smoothies, and desserts to help satiate your child.  One of our go to favorites now is Chocolate Chia Pudding.  The chia and almond milk (or sub out for coconut milk) keep him full and satisfies his sweet tooth.

Foods to Avoid

Junk Food

I know, I know, teens love this stuff.  But the truth is, they can wolf down a bag of Cheetos or chips and then be hungry just a little later because they were eating empty calories.  We like to keep the junk food to a minimum and rely on healthy staples instead.  In the long run, when it comes to teen appetites, healthy food IS cheaper.  Plus, you’re helping your child maintain a healthy lifestyle.

Fast Food

The stereotype has teen boys living off fast food.  While it is temporarily filling, if your child relies on this type of food frequently, he may be facing health issues down the road.

Final Thoughts

While teen’s appetites do ramp up tremendously in the tween and teen years, feeding them healthy food without ruining the grocery budget is possible.  Our family has a number of food intolerances, so we can’t rely on other staples that will help fill kids up like peanut butter and jelly sandwiches or cottage cheese, but those are also fairly nutritious options.

What are your favorite foods to help fill your growing teen’s bottomless pit?  Please share.

Read More

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Save on Groceries by Limiting Junk Food

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MelissaB
MelissaB

Melissa is a writer and virtual assistant. She earned her Master’s from Southern Illinois University, and her Bachelor’s in English from the University of Michigan. When she’s not working, you can find her homeschooling her kids, reading a good book, or cooking. She resides in New York, where she loves the natural beauty of the area.

www.momsplans.com/

Filed Under: budget, Children, Married Money, ShareMe Tagged With: budget, grocery, grocery budget, Home, hungry teenagers, teens

How to Make a Refinance Appraisal Checklist

May 4, 2020 By MelissaB Leave a Comment

If you’re looking to refinance your home, you will likely need to have an appraisal as it’s the first step to putting an official price value on your home.  You may not know where to start, but learning how to make a refinance appraisal checklist is the perfect place.  Once you do this, you can work on improving your property for the appraisal.

How to Make a Refinance Appraisal Checklist

How to Make a Refinance Appraisal Checklist

My husband and I recently called our real estate agent because we wanted to refinance our house.  She gave us several pieces of advice to prepare for an appraisal.

Get Rid of the Clutter

How to Make a Refinance Appraisal Checklist
Photo by Minh Pham on Unsplash

Most Americans have at least some clutter.  Your job is to get rid of the clutter in preparation for the appraisal, much the same way you would if you were preparing your home for sale.  Our real estate agent specifically said, “Make your house show ready.”  However, she also added that in general we didn’t have to make places like closets pristine for an appraisal.

Make a List of Improvements to the Home

Since you’ve lived in your home, what improvements have you made?  Make sure you have a list of what you’ve done and when you did it.  Since we moved in, we’ve replaced the water heater, the HVAC, and two bedrooms’ flooring.  Big ticket items like replacing the HVAC system help the appraiser increase the value of your home.

Make Easy Cosmetic Fixes

When you’re in your house every day, you tend not to notice the little things like the paint that is chipped off your kitchen cabinets or the hole in the dry wall where your child’s bedroom door handle hit the wall.  You might not notice dingy floorboards or dusty door hinges, but the appraiser will.

These items don’t cost much to fix, but they can increase the value of your home by creating the appearance that you care for your home and that it is well-maintained.

Look at the Curb Appeal

How to Make a Refinance Appraisal Checklist
Photo by Matt Chen on Unsplash

How does your house look on the outside?  Is the paint fresh or the siding clean?  Is the lawn mowed?  Nicely landscaped?  Or, do you have piles of clutter outside?

A tree fell in our backyard during a windstorm, and while we had taken care of most of it, the trunk of it still lay across our backyard.  The real estate agent was adamant that we must take care of that before the appraiser came.

Get Comps for the Neighborhood

How much do comparable houses in your neighborhood sell for?  Having this information gives you an idea of how much your house would likely sell for.  Making this information easily accessible to the appraiser also gives him a starting point.

Our real estate agent offered to put together a list of comps for us.  However, we didn’t need her to.  When we put in our application for refinance, the comps in our area were high enough and our mortgage low enough, that the bank didn’t even require an appraisal.

Final Thoughts

Now is a good time to consider a refinance based on the market.  If you’re wondering how to get started, hopefully this helps you learn how to make a refinance appraisal checklist.

MelissaB
MelissaB

Melissa is a writer and virtual assistant. She earned her Master’s from Southern Illinois University, and her Bachelor’s in English from the University of Michigan. When she’s not working, you can find her homeschooling her kids, reading a good book, or cooking. She resides in New York, where she loves the natural beauty of the area.

www.momsplans.com/

Filed Under: Home, loans Tagged With: Home, mortgage refinance

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