Skip to content
September 03, 2014

Aging Population Faces Housing Shortage

Rental Housing
Aging Population Faces Housing Shortage

The U.S. is unprepared to meet the housing needs of its aging population, concludes a new report by the Harvard Joint Center for Housing Studies and AARP Foundation. By 2030, the number of U.S. adults age 50 and older will grow to 132 million — up 70% compared with 2000.

According to Housing America's Older Adults—Meeting the Needs of An Aging Population, housing that is affordable, physically accessible, well-located, and coordinated with supports and services is in too short supply.

One of the reports many conclusions is that older homeowners are in a better position than older renters when they retire. The typical homeowner age 65 and over has enough wealth to cover the costs of in-home assistance for nearly nine years or assisted living for 6 and half years. The typical renter, however, can only afford two months of these supports.

  • Feedback

    Have a comment or question about this post? Email us to let us know what's on your mind.

    Maximum of 250 characters.