Italy discovers 'silver housing' as traditional elder care buckles [Yahoo! Finance]
INTESA SANPAOLO S/ADR (ISNPY)
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Source: Yahoo! Finance
MILAN/ROME, April 8 (Reuters) - As Italians live longer and traditional family care weakens, growing numbers of sprightly seniors are tempted by new residential developments - known as "silver housing" - that promise independence with community life and services. These residences, common in the United States and northern Europe, are only now ?gaining a foothold in Italy, offering a business opportunity for property developers and a welcome option for a swelling cohort of relatively well-off pensioners. "I used to live with my ?son's family, but they were out for work and school most of the day and I was home alone with their dog," said Umberto Giuggiarini, 85, who lives at Aris Senior Living, a Rome residence managed by a group called 'Over'. "At the end ?of the day my voice was weak because I hadn't spoken for so long," he said. FOR THE OLD BUT ABLE-BODIED The Aris complex, like others springing up around Italy, aims to bridge the gap between living at home and traditional
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