December 2014

Spirituality and You: Beginning the New Year

Monday, December 29, 2014

in News

This week we look ahead to January 1st, the beginning of a new year. The New Year brings a moment of quiet reflection. Think about the year gone by: of the happy events and missed opportunities. Recount the good and bad of the past year. Reflect on your personal growth, and learn from the experience. New Year is the time to ensure that we bring balance to our life with positive influences overcoming the negative ones.

The New Year is also an opportunity to renew myself in my ministry here at Jennings. How am I living our core values of Respect, Hospitality, Community, Discovery of Potential, and Celebration of Life? Am I doing my best to be a real CARE-giver, living out the loving ministry of Jesus in all I do? Take a moment to reflect on our mission and values, and try to make them part of you and your daily work.

May God bless you and your loved ones in every moment of the year ahead!

Sister Valerie Sweeney, SND, is the Director of Mission and Ministry at Jennings Center for Older Adults. She offers her weekly reflections with Spirituality and You.

(The following blog was written by Terence O’Malley, a senior living presenter, elder law attorney and certified aging services professional with decades of experience, and is used here with permission from GlynnDevins.) Between the years 2010 and 2030, 77% of all housing demand will be for people age 65-plus (See Housing and Demographic Trends are Changing: How Our Cities Will Develop by Maria Saporta quoting Chris Nelson, director of the Metropolitan Research Center at the University of Utah.)

In many areas of the country, there will be a shortfall of senior living residences as older Americans trade down to a smaller home or begin renting, according to Nelson. “The net new demand will be for rental housing,” Nelson says. “We are not going to build apartments fast enough to meet demand.”

In a study of 1,300 Coldwell Banker real estate agents cited by CBS, 80% of agents observed that homeowners at the upper end of the Boomer age spectrum would like to trade down for a smaller home, preferring condos or townhomes with less maintenance and upkeep requirements.

That could potentially result in a glut of used single-family homes on the market. Nelson calls it the “Great Senior Sell-off,” when 59% of those seniors who sell their homes become renters.

If the Great Senior Sell-off actually occurs, it obviously would have a measurable impact on house values, as single-family home prices would in theory decline, while apartment or community living would increase, i.e., become more desirable and thus more valuable.

“Housing is directly tied to a person’s physical or psychological well-being, which is why having a living situation that fits one’s current level of physical and cognitive ability and anticipated future needs is essential,” according to the Profiles in Aging report by Legg Mason, a financial services company.

I’ve met a lot of seniors who several years ago made the move from a house to a condo or townhouse, simply because there is less maintenance. Many of those same people are now confronting having to move yet again, because they want to situate themselves where they can continue to thrive, yet have the services available to meet their needs as they grow older. Their desire to move is accompanied by the lament of having to go through the moving process all over again.

CCRCs offer the economic efficiency of having all services in one location

A (Senior) Housing Options Service Comparison Overview chart provided by Legg Mason really drives home an important point: The only senior housing that provides all levels of senior living is a continuing care retirement community.

So, if you are a senior considering downsizing from a house, you have to challenge the wisdom of moving into a condo or townhouse only to have to make yet another move.

Without doubt, physical limitations increase with age; some 41% of Medicare enrollees at age 65 or older report a functional limitation of some sort. (Federal Interagency Forum on Aging Related Statistics: Older Americans 2012: Key Indicators for Well-being, p. 32.)

Rather than move somewhere from which you’ll likely have to move again, why not move into a community that provides all facets of a healthy and enriched lifestyle designed to maximize the positive elements of aging?

Monthly costs of housing favor CCRCs when it comes to assisted living and skilled nursing

Another instructive chart provided by Legg Mason is its Cost Comparison of Senior Housing Options, which takes a look at average monthly costs at different community types nationwide.

First, recognize the relatively small difference between the average monthly cost of living at an independent senior living community and living independently at a CCRC.

There typically is no medical component built into the pricing of communities where there is independent living only. So while you may save a little bit early on, you’ll pay more if you require additional levels of care.

Look next at the difference between assisted living at a non-CCRC community versus a CCRC. It’s actually less expensive to have assisted living provided to you at a CCRC than it is elsewhere. The potential care needs are built into your contract pricing when you first move into the CCRC.

Lastly, compare the cost of skilled nursing at a CCRC versus the cost of skilled nursing somewhere else. It’s nearly 13% less expensive to receive skilled nursing at a CCRC than it is at some other facility (using semiprivate room rates).

Therefore, it becomes quite obvious to those searching for senior living options that there’s a noticeable savings on assisted living and skilled nursing at a CCRC versus the cost they might pay for those services somewhere else.

Spirituality and You: Listen to Christmas

Monday, December 22, 2014

In these last days before Christmas, let’s pause from all the hustle and bustle to listen for Christmas deep within us:
Listening to Christmas
Have you ever heard snow?
Not the howling wind of a blizzard,
not the crackling of snow underfoot,
but the actual falling of snow?
We heard it one night in Wisconsin
quite unexpectedly
while walking up a hill
toward our [more…]

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Holiday Advice from Larry Minnix

Wednesday, December 17, 2014

Larry Minnix, President and CEO of LeadingAge (formerly the Association of American Homes and Services for the Aging (AAHSA)) wrote this article shared on his LeadingAge blog. The holidays surrounding this season are perhaps the most reflective about our lives, the most reverent for the highest power [more…]

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Spirituality and You: Advent

Tuesday, December 9, 2014

We continue to celebrate the season of Advent—four weeks of preparation before the feast of Christmas. It is time to prepare our hearts as well as our homes for the coming of the Savior. The following prayer can be a way to open our hearts for the coming of the Lord:
Advent Prayer
Come, long-expected Jesus. Excite [more…]

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#GivingTuesday is Today!

Tuesday, December 2, 2014

On #GivingTuesday, be one who helps make Jennings their home. Jennings welcomes your time, talent and treasure: visit #GivingTuesday proves that the holidays can be about both giving and giving back. It celebrates how we can support our community!
We believe older adults should feel at home, wherever [more…]

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Mission and Ministry: Joy

Monday, December 1, 2014

Joy fills the air at this time of year—the joy of family celebrations; the joy of finding just the right gift for a family member or friend; the joy of anticipation and remembering. What is the source of our joy? For those of us who are Christians, it is rooted in our faith in Jesus. [more…]

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