The next generation of lower income seniors face a perilous future, which is bound to impact population health.
By Dennis Archambault
Advocates of low income housing are anticipating a “tsunami” as gentrification pushes existing low income tenants out of rental properties, more people losing their homes due to the collapse of their household income, and fiscally unprepared people retiring – some earlier than expected. The latter is a particularly acute problem as the Boomer generation retires with inadequate retirement savings. The homeless population in this segment is expected to climb, if not soar.
The New York Times did a good job reporting on the economic issue (https://www.nytimes.com/2018/08/05/business/bankruptcy-older-americans.html?nl=top-stories&nlid=67835882ries&ref=cta). This will be a critical concern for population health in the coming years.
Dennis Archambault is vice president for Public Affairs at Authority Health