Housing for America's growing older population that needs to be affordable, physically accessible and close to support services "is in too short supply," according to a joint report from Harvard University's Joint Center for Housing Studies and AARP Foundation.

High costs currently force a third of adults 50 and over to spend more than 30% of their income on housing, forcing them to cut back on food, health care and retirement savings, the report finds. At 37%, an even higher number of those 80 and over spend more than 30% of their income on housing.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry