Rent affordability is a critical issue, with certain regions such as Massachusetts, New York, and Florida witnessing rising rent costs.
Solutions
To combat the silver tsunami, experts suggest a multifaceted approach.
Expanding the supply of affordable housing, enhancing rental assistance programs, implementing eviction protections, and bolstering renters’ rights are crucial steps.
Advocates also highlight the need for income reform, with the federal minimum wage failing to keep pace with inflation. Increasing Supplemental Security Income (SSI) and state supplements is seen as a potential lifeline for older adults and individuals with disabilities struggling to afford housing.
In a nation as wealthy as the United States, homelessness is not acceptable. And the surge among older adults now on the street is not acceptable.
