A lot of apartment demand discussion recently has been focused on the Millennial generation. However, let’s explore the other end of the age spectrum. For the older American, particularly those from 55 to 64, the rise in apartment living has been increasing due to the fallout from the financial crisis.
The number of senior homeowners should increase by 2030 but in the meantime, this article states that the number of senior renters is expected to more than double from 5.8 million to 12.2 million.
By taking a look at this article, we can see that the older you get, the harder it may be to own a house, resulting in apartment living.