The outlook for the retirement years of baby boomers, those born between 1946 and 1964, is bleaker than that of previous generations. Studies indicate that baby boomers have less money to retire on than their predecessors. This doesn’t come as a surprise to Cambridge Realty Capital President Jeffrey Davis, who knows firsthand the rising cost of developing, building and maintaining senior housing and care facilities. “Development costs have risen significantly since we first began financing senior living 30 years ago,” he stated. “Baby boomers have been caught off guard by higher-than-expected living expenses.”
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