Investor Presentaiton
DEMOGRAPHICS
RURAL:
According to Lombard (2013), “During the last decade, 82 of Virginia's 95 counties aged faster than Vir-
ginia as a whole. The result is that, except for counties with major universities, every rural county in Vir-
ginia is now older than Virginia's median age of 37.5, and most rural counties are considerably older."
Older Virginians living in rural locations benefit from a lower cost of living compared to urban locations.7
However, Instrumental Activities of Daily Living (IADLs), such as the ability to acquire needed home re-
sources, go grocery shopping, and connect with others, may become more difficult in a rural setting. Ac-
cess to internet to identify resources is not always available, and lack of medical providers may also be
an issue, creating potential health crises and social isolation.
2016
Percent of People age 65 + Living in Nonmetropolitan Are-
as in Virginia
Percent (%)
18.2
Source: AARP Data Explorer, 2016, Virginia Demographics, Percent of People Age 65+ Living in Non-
metropolitan Areas8
COMMON HEALTH CONDITIONS:
Arthritis
Asthma
Cancer
Chronic Kidney Disease
COPD
Depression
Percent (%)
55
8
29
5
12
13
24
11
Diabetes
Heart Disease
Source: AARP Data Explorer, Virginia Demographic11s, Prevalence of Diagnosed Health Conditions by
State, Age, and Race/Ethnicity (2016)9
HOUSEHOLDS:
The table below demonstrates the numbers of older adults in Virginia who are currently living alone;
those who live alone are at greater risk of social isolation. There are a variety of factors that contribute to
social isolation. Having limited contact with others can intensify feelings of loneliness and isolation. Living
alone is one indicator in addition to a decreasing number of social networks and feelings of loneliness. 10
2017
Percent (%)
All Virginia 60 + Households
Living alone
Total
1,063,201
387,075
37.5
Source: U.S. Census Bureau, 2017 American Community Survey 1-Year Estimates
7Lombard, H. (2013). Retirement Patterns: Anywhere but cities. University of Virginia, Weldon Cooper Center for Public Service.
Accessed on February 20, 2019. Retrieved from: http://statchatva.org/2013/11/25/retirement-patterns-anywhere-but-cities/
#more-3616.
8AARP Data Explorer, 2016, Virginia Demographics Percent of People Age 65+ Living in Nonmetropolitan Areas, Accessed on
February 20, 2019, Retrieved from: https://dataexplorer.aarp.org/profile/48/virginia#?ind=156,65.
9AARP Data Explorer, 2016 Virginia Demographics, Prevalence of Diagnosed Health Conditions by State, Age, and Race/
Ethnicity, Accessed on February 20, 2019, Retrieved from: https://dataexplorer.aarp.org/profile/48/virginia#?ind=156,65.
10 Cornwell, E.Y., Waite, L.J., (2009). "Social Disconnectedness, Perceived Isolation and Health Among Older Adults". Accessed
on February 20, 2019. Retrieved from: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2756979/.
24View entire presentation