Americans Are Retiring Into Homelessness
More seniors than ever are spending their golden years on the streets, OZY reports. Nearly half of all homeless older adults reached that dubious point for the first time after turning 50, researchers found — compared to only 11 percent in the early 1990s. What’s more, homeless individuals in their 50s tend to suffer health problems that are generally more common in people in their 70s and 80s.
What does the future hold? Based on research covering New York City, Boston and Los Angeles County, America’s elderly homeless population is projected to nearly triple by 2030.