With the numbers of people over retirement age rising the next great challenge for the industry will be tackling later living
The number of people aged over 65 in the UK is rising. This demographic accounted for 18 per cent of the total population in 2018 according to the Office for National Statistics (ONS) and this is set to grow to 26% of the population by 2038.
This presents a number of challenges, with the Elderly Accommodation Counsel (EAC) estimating that there will be a shortfall of 400,000 units in retirement living housing and care provision by 2035.
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