Puerto Rico Economic Pulse ©

October 2006: Is Puerto Rico ready for Assisted Living?

An analysis of the elderly population and long term care facilities

They never cease from changing culture. Facing retirement, the baby boomer generation will not just cause the over-sixty population to increase dramatically, but will change what it means to be elderly. With a higher education level, major income and mostly women, the demographics of elderly are also changing. Nonetheless, according to different worldwide surveys more than the 60% of the baby boomer generation have no plans to meet their retirement care needs. Is the island prepared to meet the needs of this population? Are there enough housing options for the elderly? Is there an opportunity to create a healthy new industry in the island?  Find out some answers in this issue of Economic Pulse.