Aging Baby Boomers Revive Senior Housing Sector Ravaged by Covid

Aging baby boomers are boosting the senior living sector, just a few years after the Covid-19 pandemic pushed almost 100 facilities funded by municipal bonds into default.

A strong rebound in senior living is a big reason that the muni market may be heading for its safest year on record in data going back to 2009. Forty-four municipal borrowers missed payments on their debt for the first time as of Dec. 17, fewer than the recent low of 46 in 2018, according to Municipal Market Analytics.

Just four senior communities defaulted for the first time in 2025 compared with ...