There are 10,000 American Baby Boomers retiring every day. According to the Alliance for Aging Research, those aged 65 and older will account for approximately 20% of the nation’s total population by 2030, more than doubling the number of aging Americans to more than 71 million from just over 35 million in 2000. This tendency highlights the importance of retirement communities where the aging population could move to and enjoy necessary privacy, security and assistance.
Reports show that as many as 3.3 million of 74 million (as of 2016) American Baby Boomers are planning to retire abroad. The main reason that drives Americans to look for a retirement place abroad is health care costs. According to the Retirement Confidence Survey, conducted by the Employee Benefit Research Institute in 2018, only 17% of the respondents feel very confident in their ability to live comfortably in retirement. The majority is planning to delay their retirement because of health care costs (45%) and higher-than-expected cost of living (41%).
The growing popularity of the Dominican Republic as a medical tourism destination analyzed in our previous blog post confirms the unaffordability of medical services in the USA, especially for the aging population. Nevertheless, the lower prices for health care is not the only reason why many Americans and other nationalities choose this Caribbean island as a place for their retirement. You can check other reasons in one of our previous blog posts and also let us know your personal motives.
Dream City Retirement Community
Based on these facts and data, we have come to the conclusion that a retirement community is a must-have amenity for Dream City. There is no standard for retirement residences, which vary in size, appearance, cost, and services offered. But they are generally defined as housing complexes offering shared services or amenities for older adults who are generally able to care for themselves. Nevertheless, assistance with activities of daily living, meals, housekeeping, transportation and certain health services are also provided.
We have studied and analyzed numerous examples of the best retirement communities in the world. So we made sure that the one being planned and designed in Dream City offers the best and most needed services for international retirees. The non-exhaustive list of these services will include:
- State-of-the-art medical center;
- World class commercial center;
- Cultural center with numerous events and activities engaging residents in developing social networks.
- Safe and secure environment;
- Easily accessible buildings constructed with additional features for the aged population in mind;
- Community projects involvement;
- Competitive prices.
You can find here the full description of the Dream City retirement community.
Moreover, senior housing communities are regulated only at the state level in the United States and some other countries. Although the attempts are being made to introduce greater national and international oversight, it isn’t expected to happen in the nearest future. But Dream City will guarantee the compliance with the stringiest regulations taking into account the best interests of retirees. We will ensure the financial disclosure and transparency of our operations so future residents are confident about their choice. Finally, the contract’s terms will be clear and straightforward allowing for contract cancellation.
If you have any question about the planned Dream City retirement community, please get in contact with us. We will be happy to help you start your retirement planning now.