It’s a big domino effect.   The housing crisis in the US is making it hard for the elderly to sell their houses.

If the elderly don’t sell their house, they don’t have the equity to move to CCRCs or assisted living facilities.

If they don’t have the equity to move to an aged care facility, they cancel their place on a waiting list.

If the elderly cancel their place on the waiting list, the occupancy at the aged care facility falls.

If occupancy at the aged care facility falls, their revenue falls, forcing providers to cut back expenses.

If the providers have to cut expenses, there is an impact on employees and services to the elderly.

And so it goes, until the last domino falls.

Larry Minnix, IAHSA CEO, in an article in the New York Times, eloquently describes the situation in the US.   How is this economy affecting ageing services in your country???

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