Senior Housing and Supportive Services
A significant number of older adults are economically challenged. In 2010, more than a third of all seniors had annual incomes below 20% of the national poverty level ($20,916). This number will certainly grow in the near term as many Boomers on the verge of retirement face declining home values, decreased earnings, rising debt, and depleted savings,, with little time to recoup their losses. The long-term picture is even less encouraging, given the aging of the population. By 2050, the number of individuals 65+ in the U.S. will double, and one out of every four of them will have reached extreme old age (85+).
This piece will discuss some options for elders' housing, currently trending topics in the field, and resources and organizations that focus on senior living.