Here’s how retirement communities are adapting to a post-Covid 19 world

by Adam Felts

AgeLab Director Joseph Coughlin provides his thoughts for an article on CNBC about seismic changes in the senior living industry in the wake of COVID-19:

“This pandemic fundamentally changes the business model,” said Joseph Coughlin, founder and director of the Massachusetts Institute of Technology Age Lab.

“Amenities will remain at the top of list for consumers, but will now share that spot with ‘Is it safe?’” he said.

“Like every single industry, retirement communities will have to spend more...”  “The question is will the consumer be willing to absorb the increase in cost or will it come out of [profit] margin.”

Read the full story here.

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About the Author

Photo of Adam Felts
Adam Felts

Adam Felts is a researcher and writer at the MIT AgeLab. He conducts research on the experiences of family caregivers and the future of financial advice. He received his Master's in Fine Arts in Creative Writing from Boston University in 2014 and his Master's of Theological Studies from Boston University in 2019.

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