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The elderly are becoming homeless at a rate not seen since the Great Depression

moneywise.com

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Re: The elderly are becoming homeless at a rate not seen since the Great Depression

#2
"In a 2020 journal article for the American Society on Aging, Kushel wrote that of all the homeless single adults in the early 1990s, 11% were aged 50 and older. By 2003, she says that percentage grew to 37%."

When I read something like this I have to ask—Where is the data for the past 20 years?

Re: The elderly are becoming homeless at a rate not seen since the Great Depression

#4

"In a 2020 journal article for the American Society on Aging, Kushel wrote that of all the homeless single adults in the early 1990s, 11% were aged 50 and older. By 2003, she says that percentage grew to 37%." When I read something like this I have to ask—Where is the data for the past 20 years?

A few possibilities come to mind

-Funding for that project ended and likely not renewed because it wasn't novel enough

-The authors moved on to other topics

-Government agencies decided not to track that particular data

Re: The elderly are becoming homeless at a rate not seen since the Great Depression

#6
post #5

That's very surprising, given that you typically hear about how it's the baby boomers who reaped the rewards and screwed over everyone else.

They're not all identical and they don't share with each other. The article didn't mention it but I'd also suspect lack of strong family ties is a big contributor. It's going to be people who didn't have kids or have estranged kids and are widowed or unmarried that are most exposed, and that demographic will only keep going up.

Re: The elderly are becoming homeless at a rate not seen since the Great Depression

#8
post #5

That's very surprising, given that you typically hear about how it's the baby boomers who reaped the rewards and screwed over everyone else.

> who reaped the rewards and screwed over everyone else.

Having an average net. worth of $1.2M [0] and _still_ having homelessness in your generation only confirms that attitude.

[0] https://www.cnbc.com/2019/08/08/baby-boomers-wealth-is-12-ti...

Re: The elderly are becoming homeless at a rate not seen since the Great Depression

#9
post #5

That's very surprising, given that you typically hear about how it's the baby boomers who reaped the rewards and screwed over everyone else.

Demographic monoliths don't exist. There is inequality within the Baby Boomers just as there is inequality between Baby Boomers and other generational cohorts.

Re: The elderly are becoming homeless at a rate not seen since the Great Depression

#10
post #5

That's very surprising, given that you typically hear about how it's the baby boomers who reaped the rewards and screwed over everyone else.

The boomers have copped too much hate at this point. Definitely not every boomer benefitted from the time they were born, the real culprit of the crises many nations find themselves in is:

- Too much prioritising of the land development desires of existing landowners

- Too much immigration without thought to how the infrastructure and housing to support it would be created (I am an immigrant myself fyi).

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