(Washington, DC) – Argentum today announced the launch of its “Standing with Seniors” website. Additionally, Argentum is releasing a new white paper that offers compelling new insights and data into the value of assisted living in America. Maggie Elehwany, Argentum Senior Vice President of Public Affairs, issued the following statement:
“Argentum is thrilled to launch the ‘Standing with Seniors’ website. This initiative symbolizes Argentum’s unwavering dedication to America’s seniors while solidifying our role as a pivotal source for assisted living data and information,” Elehwany said. “With the launch of the ‘Standing with Seniors’ website, we aim to empower seniors, families, caregivers, policymakers, and industry stakeholders with accessible and actionable information to support informed decision-making, and policies to improve the lives of seniors.”
The website will feature a wealth of resources, including:
- In-depth research reports and white papers on key trends and issues impacting assisted living communities.
- Legislative updates, advocacy resources, and policy briefs to inform policymakers and advocate for senior-friendly policies.
- News articles, blog posts, and multimedia content highlighting inspiring stories, innovative practices, and industry insights
To explore the “Standing with Seniors” website and access its wealth of resources, visit https://www.argentum.org/advocacy/standing-with-seniors/
In conjunction with the launch of the “Standing with Seniors” website, Argentum released an updated edition of The Value of Assisted Living in America. The 2024 edition includes some key findings based on new research and data, including:
- A March 2024 report by NORC at the University of Chicago found that older adults who live in senior housing communities live longer, receive more home health services and benefit from greater rehabilitative and preventive care than those who do not.
- Senior living residents have a 50% lower rehospitalization rate than the average rate for seniors overall, which not only improves their quality of life, but also lowers Medicare spending. Assisted living could potentially save Medicare up to $17 billion through lower rehospitalization rates.
- In the 2023 J.D. Power Senior Living Satisfaction Survey, assisted living communities received a satisfaction score of 837 (on a 1,000-point scale) — higher than industries like travel and hospitality.
- The U.S population is older today than it has ever been. According to a 2023 Census Bureau report, between 1980 and 2022, the median age of the population increased from 30.0 to 38.9. By 2100, the median age is projected to increase to 48.
- A record 4.1 million Americans will turn 65 in 2024 alone, a surge that will continue through the end of the decade as the youngest Baby Boomers reach 65. By 2029, for the first time in American history, older adults will outnumber children.
- The Agency for Healthcare Research and Quality (AHRQ) reported in December 2023 that “post pandemic employment has improved in many sectors but workforce participation in the nursing and residential care sector continues to shrink.” While the overall healthcare workforce grew approximately 15.5% over the past decade, workforce participation in the nursing home and residential care sector is down 8.4% from levels reported in January 2020.
About Argentum
Argentum is the leading national association exclusively dedicated to supporting companies operating professionally managed, resident-centered senior living communities and the older adults and families they serve. Since 1990, Argentum has advocated for choice, independence, dignity, and quality of life for all older adults.
Argentum member companies operate senior living communities offering assisted living, independent living, continuing care, and memory care services. Along with its state partners, Argentum’s membership represents approximately 75 percent of the professionally managed communities in the senior living industry—an industry with a national economic impact of nearly $250 billion dollars and more than 1.6 million jobs.
Contact:
Michael Keegan
Manager, Media and Public Affairs
ARGENTUM | Expanding Senior Living
20 F Street NW, 7th Floor
Washington, DC 20001
703-599-7412 | [email protected]
