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Here’s what’s changed

After living through multiple recessions, leaving some of them with little savings, aging boomers are now also contending with insufficient affordable housing. And should they need additional support at a certain point, finding a low assisted living center is becoming more challenging — as the field contends with labor shortages, inflation and reduced funding that puts the already limited number of facilities at risk of closing.

Even rent is becoming increasingly out of reach in certain areas, like Massachusetts, New York and Florida.

During the COVID-19 pandemic, Florida resident Judy Schroeder told the Journal the apartment building she was living in was sold to a new owner, raising her monthly rent by more than $500. Schroeder lost her part-time job, leaving her living off Social Security alone, and couch-surfing for months before she finally found a place in late August.

And it's not just the cost of shelter — older adults on fixed incomes are struggling to scrounge up what they need to cover basic necessities.

“I never thought, at 71 years old, that I would be in this position,” she said.

What can be done?

Researchers at UCSF told the Journal that about half of the homeless older adults in places like Oakland, California and New York, became unhoused for the first time after their 50th birthday.

These individuals pointed to a major event, like the death of a spouse or a medical emergency, as the trigger.

“It’s an entirely different population,” said Kushel. “These are people who worked their whole lives. They had typical lives, often working physically demanding jobs, and never made enough to put money away.”

She says expanding the supply of affordable housing and availability of rental assistance programs, eviction protections and renters’ rights could be key to preventing homelessness.

Some cities, like San Diego, have even piloted programs to provide rental subsidies for a limited time to older, low-income adults to help them find their feet.

There’s also the matter of income, as advocates point out that the federal minimum wage of $7.25 has failed to keep up with inflation. And while most states supplement federal programs like Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI), Kushel believes increasing SSI or state supplements could make the difference for older adults and those with disabilities struggling to afford housing.

“In a country as wealthy as the United States, homelessness for anyone — but particularly older adults — is unconscionable,” Kushel wrote in 2020.

“We have the means to end homelessness in older adults. By increasing affordable housing for older adults, engaging in targeted prevention efforts, and building off the success of permanent supportive housing, we can make homelessness for older adults rare and brief.”

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