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.