"Financial Struggles Plague Over 765,000 Elderly Texans in Housing Crisis"

1 min read
Source: The Texas Tribune
"Financial Struggles Plague Over 765,000 Elderly Texans in Housing Crisis"
Photo: The Texas Tribune
TL;DR Summary

More than 765,000 older Texans are struggling to afford housing costs, with the number of households headed by people aged 65 or older spending 30% or more of their income on housing increasing from approximately 594,000 in 2017 to over 765,000 in 2021. This financial burden leaves older adults with less money for essential expenses like healthcare, food, and other necessities. The housing affordability crisis, coupled with the growing population of older adults, poses challenges for providing suitable housing and support services. Major metropolitan areas in Texas have been particularly affected, with a significant shortage of affordable housing exacerbating the problem. Advocates are calling for zoning reforms, increased funding for low-income housing, and rental assistance to address the issue.

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