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.