Seniors Struggle to Afford Living Alone as Rents Soar
More older adults are seeking roommates as the cost of living alone becomes unaffordable. Seniors face unique challenges in finding compatible housemates.
Seniors across the country are facing a difficult reality as the cost of living alone skyrockets. With rents and housing prices surging, a growing number of older adults are being priced out of living independently and are seeking roommates to share expenses.
The share of seniors looking to rent with a roommate has tripled in the past decade, as young people stay with their parents for longer and the population of older adults continues to expand. This shift reflects the financial pressures that many retirees and fixed-income individuals are experiencing, as their limited budgets struggle to keep up with rising housing costs.
Source: NPR
