Tag: Senior Living

One question that we continue to get here at Varsity surrounds the naming, values and visuals of not-for-profit aging services providers. For the last several decades, the gold standard in this space was created by faith-based senior living organizations that had strong ties to churches and other religiously affiliated groups. Over the last few years, we’ve seen the identify of faith-based communities come into question.

Some providers have doubled down on their faith connections, embracing their history and including specific language in their mission, vision and values to communicate their dedication to faith-based principles. On the other hand, other providers have been slowly stripping away the overt references to faith, concerned that they might drive away residents that don’t share those same values (even if they aren’t required to subscribe to said faith in order to reside at the community). The fear that faith-based language and iconography could be costing communities residents is very real. While, on the other side of the coin, the fear of losing donor dollars from strong, faith-based donors ensures that others stay the course and lean firmly on their core values.

This led us to wonder — What effect is faith having on provider perception, and where might this trend be going in the future?

It’s no secret that religious affiliation has been on the decline in the United States. In Pew’s religious landscape study, which surveyed more than 35,000 Americans of all demographics, found that 22.8 percent of respondents identified as unaffiliated with any religious tradition at all. If we were to view that number in light of demographics, we can learn even more. Seventeen Baby Boomers (aged 50 to 64) report that religion isn’t important in their lives, with 34 percent saying they attend religious services only sporadically, and 28 percent reporting they “seldom” attend services at all. If one were to compare the Baby Boomers to Generation X or Millennials, Boomers and seniors would appear positively pious, as religious participation takes a nosedive within these demographics. Based on Pew’s findings, it would seem that being faith-based might not carry the weight it once did when someone shopped for a community.

Yet many entrance-fee, faith-based senior living organizations provide one critical service that very few others do: security. Namely, these organizations usually have a safety net in place so that, if a resident suddenly runs out of funds, he or she won’t be forced to leave the community. This kind of support is usually funded through giving programs that utilize the faith-based network that a community is tied to as a major source of giving. According to The Chronicle of Philanthropy, 65 percent of Americans who claim a religious affiliation give to charity, compared to just 56 percent of those who don’t identify with a faith tradition. Interestingly, the same study found that 73 percent of all charitable giving went to either congregations or religiously affiliated charities. Secular charities only accounted for 27 percent of giving.

It’s clear that, when it comes to philanthropy, being affiliated with a religious organization is likely to significantly increase the dollars that are coming through the door; however, with the upcoming generational shifts in belief and religious affiliation, we are forced to wonder if this tradition of giving will continue. Will Baby Boomers, Gen Xers and Millennials be just as inclined to give to faith-based charities, or will they rebel against them (and the bad press they have been recently receiving) and give to more secular causes? Only time will tell.

As we speak to aging services providers who are struggling with this problem, we find that there are no clear answers. What is right for a community in the upper Midwest may not be good for a community in southern California or on the Florida coast. Understanding local demography and perceptions around faith tends to provide the best insight into the direction an organization should face.

Regardless of which way providers choose to go today, there’s sure to be continued debate about whether faith affiliation is a hindrance or help in our space. We anticipate this discussion continuing for the next decade, when it will be decided by leading-edge Gen-Xers who will vote with their dollars when moving into a community.

Sources:

http://www.pewforum.org/religious-landscape-study/attendance-at-religious-services/

https://www.philanthropy.com/article/Religious-Americans-Give-More/153973

During 2018, we have undertaken an ongoing blog series in which we take a look at the opportunities and challenges faced by the diverse groups of Boomers and seniors being served by today’s aging services providers.

For our first article in the series, we examined a rapidly growing population in the United States — Latino Boomers and seniors. In our second article, we looked at the changes that LGBT seniors are driving in the marketplace.

In this, our third article, we talk about America’s largest growing ethnic demographic – Asians.

If you were to walk into an average not-for-profit Life Plan Community in America, you would likely not find a large population of Asian-Americans. They are conspicuously absent on most campuses, even as other ethnic groups grow and prosper. Many Life Plan Communities now openly celebrate and welcome diversity, yet we continue to see low numbers of Asians moving to senior living communities. This leads us to wonder: Why is this the case, and what could a smart aging services organization do to tap into this market?

According to the latest Pew Research numbers, the Asian population in America has grown by 72 percent since the year 2000. That growth rate is faster than any other ethnicity, including Hispanics. However, as Westerners, we need to remember just how diverse the Asian population actually is. China, Japan, Korea and Vietnam are the most well-known countries of origin, but the largest growth is coming from lesser-known nations, such as Nepal, Burma, Laos and Bhutan. The cultures of these countries are incredibly diverse, yet in America, they all get lumped into one category: Asian. Aging services providers need to keep this in mind if they wish to tap into this market. Becoming educated about lesser-known Asian cultures — especially those who are providers in or near large cities — could create a profitable niche market for communities.

Of course, there are other challenges that a study of geography and culture can’t address. For instance, it is widely known that Asian families place a great deal of value on children caring for their parents as they age. Children are expected to welcome their parents into their homes if need be, or to stay with them if they require additional attention and care. Culturally, this is what is expected of the family, and there can be great shame placed upon a child that does not appropriately fulfill his or her filial duties.

Obviously, this is in stark contrast to the types of living options offered by retirement communities, making it a hard sell for many Asian families; however, cultural expectations and perceptions are changing. In China, for instance, nursing care is becoming more common because of the one-child-per-family policy. It is very difficult for a single child to care for two aging parents. The focus is shifting away from being personally responsible for caring for one’s parents to planning and funding their care by others. In this case, the child is still fulfilling his or her duties by providing for the parents — even if not by doing it him or herself.

This model is important for western providers to keep in mind as they market to the Asian population. There are still strong culture mores in place surrounding parents and aging. If your organization can find a way to creatively address this issue and reach into the Asian market, you’ll be way ahead of your competitors. This is exactly what Aegis Living is doing in Seattle.

In 2017, Aegis realized that there was a huge, untapped market for senior living services that catered to Asians. Its new community, called Aegis Gardens, sits at the epicenter of the Asian population in Washington, with more 90,000 Asian Americans living within 25 miles of the campus. Aegis is designing the community with Asian aesthesis in mind, including hiring a feng shui expert to help in the planning. The community is going to be a high-end marvel, dedicated to reaching a niche market that is being underserved.

This idea will not work everywhere, however. In today’s market, there is great value placed on luxury branded products. While the Seattle market might be able to support a luxury Asian-inspired community, most Asian-Americans cannot afford luxury. According to a 2017 Huffington Post article, Asian-Americans are roughly 1.5 times more likely to be classified as poor than are their Caucasian peers. Between 2009 and 2014, just as the Asian population was booming, so, too, were their poverty rates — which shot up 40 percent in this five-year period. This is why affordable housing developers are also eying the Asian market.

Not far from the luxury Aegis community in Seattle, a nonprofit named Kin On is expanding its presence. Kin On also focuses on Asian-Americans, choosing affordability and care over luxury. The community has existed for more than 30 years and now has a thriving population of Asian residents. Kin On ensures a mix of staff members that can speak Asian languages and provides Asian-inspired meal choices and activities that specifically appeal to the culture. As a not-for-profit community, Kin On concentrates on providing great care to residents that may not have other culturally appropriate options.

We don’t expect aging services providers to go out and develop completely new model communities that cater to a small niche population — especially if their locality doesn’t have one — however, just as with our other articles in this series, we think it behooves providers to get educated about diversity and provide more than the just the base level of cultural understanding.

Sources:

http://www.pewresearch.org/fact-tank/2017/09/08/key-facts-about-asian-americans/

https://www.huffingtonpost.com/2014/02/25/what-other-cultures-can-teach_n_4834228.html

https://www.voanews.com/a/asian-americans-turn-to-retirement-homes-for-elders/2955452.html

https://www.huffingtonpost.com/entry/elderly-asians-almost-15-times-more-likely-to-be_us_589ccaa5e4b061551b3e089a