Joint Center for Housing Studies of Harvard University
Within the US, the 65+ age group, most recent income gains have gone to the highest earners, and the number of households with housing cost burdens has reached an all-time high.
More than half of US households are now headed by someone at least 50 years of age. These 65 million older households are highly diverse in their living situations, financial resources, health and functional abilities, and life stages, and thus require different types of housing to meet their needs and preferences.
In the US, over the next twenty years, the population aged 65 and over is expected to grow from 48 million to 79 million.
Affordable, accessible, and well-located housing is central to quality of life for people of all ages, but especially for older adults. However, the existing housing stock in the US is unprepared to meet the escalating need for affordability, accessibility, social connectivity, and supportive services.
A discussion looking at the scale of public policy challenges needed in addressing the implications of the profound demographic shift occurring in the US and the steps to address the deficiencies in the housing stock, community preparedness, and the health care system vital to the national standard of living.