Tag: Housing
Half of older households fall below 200 percent of poverty. Recently, I was appointed to the Governor’s Council to Address Aging in Massachusetts. The Council has a broad mandate, but I’m an economist so I care about whether older people in Massachusetts have enough money. Apparently they do not: Massachusetts ranks among the worst in…
In the 19th and early 20th centuries, it was not unusual for older Americans to live with their adult children and grandchildren. But more seniors could afford to live on their own after passage of Social Security and then Medicare. By the 1990s, fewer than 10 percent of people over age 65 lived with relatives,…
