LIFE EXPECTANCY DRAMATICALLY INCREASES

According to A. Barry Ran, CEO — AARP, life expectancy during the second half of the twentieth century grew by nearly thirty years. Consider the following chart:

According to the U.S. Census Bureau, life expectancy since 1940 has increased dramatically.

Year	Age
1940	63
1960	70
1980	74
2000	77
2020	80
2040	82

Not only are Americans living longer, but they are also living better and maintaining a balanced lifestyle. American seniors, age 50+, is the fastest growing age group. The increase in life expectancy will likely have a significant impact on the number – and perhaps type — of homes that will be required to provide for the growing senior population for years to come. Although this trend won’t affect the short-term real estate recovery, it will likely have a positive impact on the long-term value of real estate as much of the aging population needs to stay in housing for more years.