Baby Boomers Becoming Homeless at Rate Not Seen Since the Great Depression
September 25th, 2023Via: Moneywise:
Many baby boomers across the country are now coming to terms with the hard reality that working for your entire adult life is no longer enough to guarantee you’ll have a roof over your head in your later years.
Thanks in part to a series of recessions, high housing costs and a shortage of affordable housing, older adults are now the fastest-growing segment of America’s homeless population, according to a report in the Wall Street Journal, based on data from the Department of Housing and Urban Development.
“The fact that we are seeing elderly homelessness is something that we have not seen since the Great Depression,” University of Pennsylvania social policy professor Dennis Culhane told WSJ.
