Retirement home

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An Israeli retirement home in Tel Aviv in January 2010.

A retirement home – sometimes called an old people's home,[1] although this term can also refer to a nursing home[2] is a multi-residence housing facility intended for senior citizens. Typically each person or couple in the home has an apartment-style room or suite of rooms. Additional facilities are provided within the building.[3] This can include facilities for meals, gatherings, recreation activities, and some form of health or hospice care.[4] A place in a retirement home can be paid for on a rental basis, like an apartment, or can be bought in perpetuity on the same basis as a condominium.[5]

A retirement home differs from a nursing home primarily in the level of medical care given. Retirement villages and retirement communities, unlike retirement homes, offer separate and autonomous homes for residents.

United States[edit]

The number of retirement homes has been increasing in the United States, from almost 11,000 in 2003 to 12,000 in 2010. The market size for retirement homes has had a much greater growth rate, from $13.5 billion in 2005 to $17 billion in 2010, with California being the American state with the largest market size.[6]

See also[edit]

References[edit]

  1. ^ "old people's home - Definition and pronunciation | Oxford Advanced Learners Dictionary at OxfordLearnersDictionaries.com". Oald8.oxfordlearnersdictionaries.com. Retrieved January 12, 2013. 
  2. ^ "old people's home - Definition from Longman English Dictionary Online". Ldoceonline.com. Retrieved January 12, 2013. 
  3. ^ "Beneficial Factors of Assisted Living Facilities". November 24, 2013. Retrieved 9 February 2014. 
  4. ^ "What Is Nursing Home Quality and How Is It Measured?". Ncbi.nlm.nih.gov. Retrieved 9 February 2014. 
  5. ^ "What is a Retirement Home?". Retrieved 9 February 2014. 
  6. ^ "Pell Research Report on Retirement and Nursing Homes". www.pellresearch.com. Retrieved January 12, 2013.