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baby boomers

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baby boomers

Can baby boomers afford to pay for parents' aging in place technology?

It's both a given and a strong conviction: Caregivers worry about the cost of technology to help seniors age in their own homes.  And in fact, so does everyone else.  Vendors and experts think or talk about the potential for all technology (or a vendor-specific technology) to be more affordable if it is to be adopted. Again and again, I hear the issue of 'who will pay' for technology to help seniors remain in their own home. And I detect a hope (and a bias) towards insurance reimbursment that will be government-directed and will lower the cost of care. I don't believe it -- and even more emphatically, I know that caregivers (aka the baby boomer children of those who are aging) can afford to pay.

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