'Unconscionable': American baby boomers are now becoming homeless at a rate 'not seen since the Great Depression'
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 the Journal.
Dr. Margot Kushel, a professor of medicine and director of the Center for Vulnerable Populations and Benioff Homelessness and Housing Initiative the University of California San Francisco (UCSF), has observed an escalating rate of homelessness among older Americans.
In a 2020 journal article for the American Society on Aging, Kushel wrote that of all the homeless single adults in the early 1990s, 11% were aged 50 and older. By 2003, she says that percentage grew to 37%.
Now, the over-50 demographic represents half of the homeless single adults in the U.S. -- with no sign of their numbers slowing, leaving baby boomers (those aged 57 to 75) particularly vulnerable.
"Elderly homelessness has been rare within the contemporary homeless problem. We've always had very few people over 60 who've been homeless historically," Culhane from the University of Pennsylvania told PBS NewsHour.
But in recent years, Culhane says that has changed. Older Americans, he says, are "now arguably the fastest rising group."
After living through multiple recessions, leaving some of them with little savings, aging boomers are now also contending with insufficient affordable housing. And with everything from gas to groceries costing more these days, many aging Americans are struggling to make ends meet.
And if 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.
"I never thought, at 71 years old, that I would be in this position," she said.
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."
There's also the matter of income, as the federal minimum wage of $7.25 has failed to keep up with inflation.
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. (Perhaps a good idea, but that is not really so much of a permanent solution)
'Unconscionable': American baby boomers are now becoming homeless at a rate 'not seen since the Great Depression' -- here's what's fueling this terrible trend , by Serah Louis, Moneywise, September 22, 2023
- By QatzelOk