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LIFE ElderCare 2017 Annual Report

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The work we do is necessary<br />

“Aging in place works best as part of a comprehensive and holistic<br />

approach to the support needs of an aging individual and an aging<br />

community.”<br />

Joint Center for Housing Studies of Harvard University Neighborhood Reinvestment Corporation<br />

An AARP study found that approximately 90% of seniors intend to<br />

continue living in their current homes for the next 10 years. Doing<br />

this, however, comes with a unique set of challenges for low- to<br />

moderate-income seniors, the study showed:<br />

• 72% of low- to moderate-income seniors have at least 1 chronic<br />

health condition<br />

• Nearly half of these seniors are not confident that their incomes<br />

will be sufficient to meet their monthly expenses over the next<br />

5-10 years.<br />

This means that community based organizations like <strong>LIFE</strong> are truly<br />

critical right now. We continue to explore ways to scale to serve the<br />

rapidly growing number of older adults in need. And we do so with the<br />

combined approach of highest efficiency and closest connection<br />

between people on a feet-on-the-ground basis. These are two<br />

concepts rarely sought together but the experiences of <strong>LIFE</strong> have<br />

shown us the possibilities are real and long lasting.<br />

“Social innovators must address the issues facing this<br />

population for reasons beyond demographic coverage. The<br />

state of the elderly will actually determine the fate of our<br />

entire social innovation field.”<br />

Chang, Curtis. “Elderly Care and the Future of Social Innovation (SSIR).” Stanford Social<br />

Innovation Review, 27 Aug. 2012,<br />

ssir.org/articles/entry/elderly_care_and_the_future_of_social_innovation.

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