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Published 5 months ago

Study says the US is ill-prepared to ensure housing for the growing number of older people

  • A new report by Harvard University's Joint Center for Housing Studies warns that the United States is unprepared to house and care for its aging population, with many older adults unable to afford necessary care.
  • The report highlights that the population over the age of 75 is expected to increase by 45% over the next decade, and nearly 11.2 million older adults currently spend more than 30% of their income on housing. Older people of color and those living alone are particularly at risk of financial burden.
  • Without sufficient government assistance, many older adults may have to rely on family and friends or forgo needed care, possibly leading to homelessness.
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