The U.S. 65-and-older population will more than double by 2050 to nearly 90 million, growing at a rate far faster than any other age group. According to Census data, by 2050, one in five Americans will be over the age of 65.  A new report from the Center for Housing Policy, Housing an Aging Population: Are We Prepared?, explores the effects of the coming demographic change on the demand for housing, the challenge of providing meaningful housing choices for older adults of all incomes, and the policies that could help communities across the country respond to the dual challenges of providing older adults with affordable housing and adequate services.

The report finds that older adults are more likely than younger adults to have housing affordability challenges.  As a result, the aging of the population is likely to increase the overall proportion of the country with severe housing cost burdens.  The report also finds that many older adults lack access to affordable services that could help them age in place. The report further covers trends affecting older adults in terms of demand, housing costs, finances, location and housing type, offering recommendations on existing policies that may help to address the coming crisis.

Interested in learning more about affordable housing with services? Consider joining our study tour that will visit communities and providers around the Boston, Massachusetts area.

How do these challenges play out in real life? Check out this video from a Colorado county that is in the process of trying to establish a supported housing project.

Advertisements