The Sharing Economy & Aging in Place

The Sharing Economy & Aging in Place

The vast majority of older adults desire to age in place - to remain in their current dwelling indefinitely. But the frictions and functional losses that come with aging can threaten one's ability to remain in the home. Can new technologies and services, including the sharing economy, help us age in place - and save us money in the long-term?

The AgeLab conducted a thought experiment estimating the cost of utilizing an array of sharing economy services to approximate the level of instrumental support provided by an assisted living facility. Additionally, AgeLab researchers surveyed the 85+ Lifestyle Leaders group to learn about their attitudes toward and experiences with the sharing economy, to better understand its potential to fulfill the needs and desires of older adults. 

For more information, see: Miller J., Ward, C., Lee, C., D’Ambrosio, L. A., & Coughlin, J. F. (2018). Sharing is caring: The potential of the sharing economy to support aging in place. Gerontology and Geriatrics Education, https://doi.org/10.1080/02701960.2018.1428575

The AgeLab also created a short animated video to playfully illustrate the idea:

 

 

MIT AgeLab
1 Amherst Street, 2nd Floor
Cambridge, MA 02142
ph: 617.253.0753
email: agelabinfo@mit.edu

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