Later Living: The £30bn Baby Boomer Challenge
An ageing population will require an additional 75,000 later living homes and 30,000 care homes over the next four years, JLL research finds.
- Emma Rosser
- Daniel Thorpe
- Simon Hodson
- Nick Whitten
- Anthony Oldfield
- Emma Glynn
Rising costs for housing and an ageing population mean the UK faces a £30bn funding requirement in 2025.
A generation of Baby Boomers in retirement will require an additional 75,000 later living homes and 30,000 care home beds, over the next four years, JLL research has found.
This £30bn challenge, to supply enough homes to maintain the same level of provision for the ageing population, comes as alongside an anticipated £25bn bill to fund the care home industry.
The numbers show the true scale of the crisis in housing for older people and are a call to action to the government and the industry.