11/18/2019
The Housing Affordability Crisis is Keeping Americans from Retiring
The high cost of housing is a growing problem for older Americans
Housing affordability is becoming a central obstacle to Americans’ ability to retire, especially for those living on fixed and limited incomes.
The big picture: The high cost of housing is a growing problem for older Americans in supply-constrained and wealth-divided cities, and for developers of senior housing facing a growing preference for “aging in place.”
Driving the news: While developers saw the looming wave of retiring Baby Boomers as a gold mine, many are instead finding the growing trend of seniors remaining in their homes is leaving them with empty buildings, according to The Wall Street Journal.
Please select this link to read the complete article from Axios.