The plunging economy is taking its toil on everyone, including ageing services.   As reported in a recent article in US News and World Report, the deepening recession in the US is threatening the entire spectrum of senior housing, including continuing care retirement communities, assisted living facilities and nursing homes.

Almost 4 million seniors live in an ageing service facility in the US and the sources of funding for care, be it personal or government, are being eroded daily.

The article describes ways in which retirement communities are coping with the economic downturn, including providing support to potential residents, lowering entrance fees, and working with local banks to help with bridge financing.