Housing for Older Adults: The Impacts of the Recession

This paper summarizes findings from State Housing Profiles 2011, which uses several sources, including the 2009 American Community Survey, to look at key housing indicators for older adults.  The data show that conditions have deteriorated significantly for older households during the last decade. Older homeowners and renters face greater affordability issues, and many low-income households face more unsustainable housing costs since the housing crisis and recession that began in 2007. Disability rates, family structures, foreclosure rates, and the age of homes are other factors that have shifted in the decade, as older households adapt to face new and continuing challenges. … Back to Article