New Report Finds Growing Interest in Tech for Aging Well at Home

Older Americans are increasingly interested in using technology to live in their current homes and communities. Now, new research conducted by AARP and the Consumer Technology Association finds that 80% of older Americans currently own at least one type of tech that enables aging at home, and over half express a high likelihood of buying and adapting more of these emerging technologies.

“From smart wearable health monitors to hearing aids to digital security, there’s a huge interest among older Americans who want to integrate these technologies into their plans to age in their homes and communities,” said Patty David, AARP vice president of consumer insights. “The market is large and will grow as more and more Americans age into the 50-plus bracket. This is projected to be a $120 billion market by 2030.”

Seven in10 of adults 50-plus (70%) say they feel very comfortable using tech to help them age in their homes and communities. A significant number of older adults are considering buying additional tech to help them in their aging journey. However, price and reliability are the top barriers to purchase for many AgeTech products, with 60% saying that some form of cost cited as a barrier to purchase, and 41% saying that their concerns about reliability are a barrier to purchase. For the full report, visit http://www.aarp.org/AgingInPlaceTech.