Older adults face housing troubles

• With more than one in five people in the U.S. expected to be 65 or older – one in three households headed by someone in that age group by 2035 – the population growth of older adults is increasing the need for a greater inventory of affordable and accessible housing, stresses the report, Projections and Implications for Housing a Growing Population: Older Adults 2015-2035.
• “The housing implications of this surge in the older adult population are many and call for innovative approaches to respond to the growing need for housing that is affordable, accessible, and linked to supportive services that will grow exponentially over the next two decades,” says Chris Herbert, managing director of the Harvard Joint Center for Housing Studies.
• “Right now, more than 19 million older adults live in unaffordable or inadequate housing, and that problem will only grow worse in the next two decades as our population ages,” says Lisa Marsh Ryerson, president of AARP Foundation, which provided funding for the report.
• The nation’s housing inventory won’t meet the needs of an increasingly older population through the next two decades, according to a report released by the Harvard Joint Center for Housing Studies.

Source: Florida Realtors