The housing affordability crisis, driven in part by the COVID-19 pandemic and high inflation, has caused homelessness among older Americans to increase.
Kaiser Health News
“The only thing that’s not for sale is the house,” Hilton, 68, said as he checked his blood sugar. “Everything else has to go.” Despite his poor health and still relying on leg braces to prevent another broken leg, Hilton, who is on Medicare, planned to live out of his truck while he waited for a spot to open up at one of the few assisted living facilities in Flathead County, which is mostly rural. The wait could last days, or months.
Rents in Montana have skyrocketed since the pandemic started. Since 2019, Lewis and Clark County, for example, has seen rental costs jump 37%, one of the largest spikes in the U.S., according toIn Southern California, USC’s Casden forecast shows apartment rents will continue rising over the next two years, though not as much as in the recent past.. The poverty rate for people 65 and older rose from 8.9% in 2020 to 10.
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