Pandemic Causing Families to Shun Nursing Homes

0

A recent report in the Wall Street Journal (reposted on Realtor.com) says Covid-19 is spurring families to shun nursing homes, which they say could be a long-lasting market shift.  Reportedly, relatives are turning to home care due to fears of infection and additional isolation.  The WSJ says that occupancy in U.S. nursing homes is down 15% (195k+ residents) since the end of 2019.  Indeed…

Americans have long relied on institutions to care for the frailest seniors. The U.S. has the largest number of nursing-home residents in the world. But families and some doctors have been reluctant to send patients to such facilities, fearing infection and isolation in places ravaged by Covid-19, which has caused more than 115,000 deaths linked to U.S. long-term-care institutions.

wsj.com

 

Click here to read the full story at Realtor.com.

Click here to read the full story at the Wall Street Journal.

 

About Author

Brad Beckett

Director of Education & Outreach, National Real Estate Investors Association

Comments are closed.