Tag: high housing costs
Across the nation, many older adults struggle to make ends meet. The Elder Index, produced by the Gerontology Institute at UMass Boston, suggests that roughly one-third of older households have incomes below what it takes to meet basic needs and age in place. One question is whether living in a high-wealth, high-cost state such as…
Abstract With a record number of older adults facing housing affordability challenges, shared households may provide an important private housing safety net if other household members contribute to housing costs. Using data from the Survey of Income and Program Participation, we describe the prevalence and characteristics of older adults’ shared households (defined as those that…
