The generation retiring now and the baby boomers following them are the second and most highly-educated demographic in history, says Andrew Carle, Executive-in-Residence, Assistant Professor Director, Senior Housing Administration at George Mason University. Considered a national expert on university-based retirement communities, Carle says retirees are looking to stay active and intellectually-challenged and looking to be in an inter-generational environment and not just go off to a retirement community with "old people."
The good universities can see the strategic opportunity and the progressive ones can see the community mission opportunity, Carle says. Retirees want to be active, stay intellectually-stimulated and live in an inter-generational environment, which pretty much describes a college campus, Carle Says. Retirees are "looking to stay engaged in the world around them and to continue to grow actively and cognitively," he adds.
About one hundred different universities are participating in these programs but there has been no real formal inventory of these and Carle says that some of these are barely affiliated with the university. He's tried to create a model to do a better job of finding these universities, not so much for the senior housing community or university but for the retirees, so they get a better sense of what they might be buying into. Carle says that retirees have to do their homework and contact the school. He knows of less than two dozen that really have strong connections to the university and a few dozen more connected in some way.
For more information on Andrew Carle, click here. He spoke with Retirement News Today, providing online, on-demand, retirement video news. Retirement News Today is a featured network of Sequence Media Group.
Andrew Carle, Executive-in-Residence, Assistant Professor Director, Senior Housing Administration