As the baby boomers age, the population aged 65 and older is projected to climb to 73 million by 2030 – a rise of 33 million in just 20 years.
That surge is also expected to bring about an alarming number of lower-income older adults who may face several housing challenges in the years ahead, according to the Harvard Joint Center for Housing Studies. Within a decade, JCHS researchers predict that households aged 65 and over earning less than $15,000 will rise by 37 percent to 6.5 million.
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