The Role of Location and Economic Factors in Predicting Satisfaction with Choice of Continuing Care Retirement Communities

Abstract

The study utilized a structural model to predict satisfaction with selection of a continuing care retirement community (CCRC). Based on the Deacon and Firebaugh (1988) model of family resource management, the model explored the role of economic and location factors in determining older consumers’ satisfaction with the CCRC selected. Multiple regression analysis tested for relationships among variables. The input construct comprising human and economic capital was useful as a predictor of satisfaction; importance of location of the CCRC was not a good predictor. Implications for consumers, housing educators, and other housing professionals are offered.