thanks to death of spouse, expensive medical emergency or soaring rents - and many are too frail to climb bunk beds in shelters Baby boomers are finding themselves homeless in ever-increasing numbers, according to a new report, with rising rent prices and soaring medical bills forcing seniors from their homes and onto the streets.
Analysts at the Department of Housing and Urban Development told The Wall Street Journal the fastest-growing segment of the homeless population is people aged over 65.
For the first time this year, the agency will reveal the number people of over 65 in their annual count of the homeless, which is released in late December.
Hot spots for senior homelessness include Miami, Denver and Columbus, Ohio - cities on the cusp of what one called a 'silver tsunami.' Many of those who find themselves homeless can't even use shelters, as they are too frail to climb up onto a top bunk that may be the only bed available to them.
'The fact that we are seeing elderly homelessness is something that we have not seen since the Great Depression,' said Dennis Culhane, a University of Pennsylvania social policy professor.
Poster Comment:
Higher rents from illegal immigration benefits Larry Fink and BlackRock.