Are You Ready For The Baby Boomers Retirement Boom?


As the Baby Boomer generation settle into retirement, there is an upsurge in construction projects being generated by this, often wealthy, demographic. So is your construction company ready for the challenge? Because the numbers of over 65s in the United States are going to double by the year 2050 to 88.5 million. With that statistic in mind, it is pretty clear that assisted living and residential facilities will become in massive demand, over the coming decades. HOME ADAPTIONS WILL BE ON THE RISE Even the seniors who wish to remain in their own homes – who will be, by a large percentage, the majority -will still be seeking the help of construction firms. There is bound to be a huge leap in the need for adaptions, extensions and other renovations to family homes, for this aging population. Expect to see an increase in jobs such as step less access to homes and bathroom adaptions as per the Other projects such as wider doorways and changes to the kitchen Wells & Kimich will help with that and with your new office space may also be in order. LUXURY STYLE RESORTS WILL GROW Todays seniors do not want to spend their final years in a traditional style ‘old folks’ home, with orange on the walls, depressingly lit corridors and old fashioned high chairs, all seated around an over loud television set. They want to travel, to experience different cultures, different cuisines. They choose luxurious accommodation for vacations, like properties of YourKohSamuiVillas – faraway exotic houses one click away. These days, the trend is on to create luxury living complexes for seniors. These are more or less holiday resorts, which might include features such as spas, swimming pools, hair and beauty salons and other leisure activities. There will be more in the way of social spaces, like bars, games rooms and restaurants. Your company may be called upon to produce more complexes along these lines and since so many of them are like mini villages in their nature, you may find that recruiting staff is your main problem. NURSING FACILITIES WILL ALSO BE NEEDED An increase in medical and nursing facilities will also still be needed over the coming years. These will range from more traditional high dependency homes, to a combination of assisted living complexes. One thing that they all have in common is that they will need building. Is your construction firm up to the challenge? YOU NEED TO RECRUIT NOW The biggest problem facing American construction firms is the lack of new workers coming forwards, wanting to work in the industry. To combat this, your firm needs to start reaching out to younger workers and to persuade them that they could have a well paid career in construction.


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