Today's seniors not keen on retirement housing

The baby boomer generation is entering retirement age, but studies show that these seniors are not yet ready to move into any kind of old age home. More and more members of the 65 and older demographic are using their elder years to travel the world and pursue new hobbies and careers.  They are moving into communities, both urban and rural, that suit their personal needs and lifelong desires. As a result of this trend, the Urban Land Institute is encouraging cities and towns to modify infrastructure to accommodate a growing older population. This includes changes to transportation options and affordable housing designed for seniors. The trend also implies that retirement homes will have to find more creative ways to attract residents who are intent on leading healthy, independent lifestyles.

CBS Money Watch