Majority of seniors prefer not to live with adult children

As parents get older, sometimes they have to move in with their children, although it may not be willingly. Recent findings from Pfizer's Get Old Initiative found that few seniors would opt to move in with a younger adult.

The findings revealed an interesting dichotomy between younger adults and their older relatives. Around 35 percent of respondents between 35 and 64 said they would be willing to invite their parent or guardian to live with them. However, only 25 percent of adults over 65 said they would consider living with their son or daughter.

The results suggest that many seniors would prefer to live in an assisted living setting rather than relying on their younger relatives for medical care, which is not surprising given the recent advancements in assisted living facilities. Today they are more home-like and less institutional, offering help on day-to-day tasks while still providing recreational and social opportunities.

Catering assisted living facilities to active seniors will likely be increasingly important in the coming years. According to the National Center for Assisted Living, more than 900,000 people reside in such settings.