A new report from the Joint Center for Housing Studies of Harvard University digs into the housing market for older Americans, finding more evidence of a widening gap between each end of the wealth spectrum.
The Joint Center for Housing Studies of Harvard University this week released the "Housing America's Older Adults 2019" report, finding increasing housing inequality among older Americans.
"Between 2012 and 2017, the number of households headed by someone 65 or older jumped from 27 million to 31 million and will continue to grow. At the same time, the number of older adults facing housing cost burdens reached an all-time high of 10 million," according to a press release announcing the study.
The report also identifies a growing gap between the haves and the have-nots: "Between 2012 to 2017, the incomes of households age 65 and over in the top 10 percent increased by 22 percent while incomes of those in the bottom 10 percent fell by 4 percent. Additionally, the median income for the highest earners between the ages of 50 and 64 set a new record of nearly $204,000 in 2017, while the median income for the lowest earners, $14,400, was lower than the 2000 level of $17,100."
The website shares the report also includes interactive maps and infographics built from data reported in the report.
Lois A. Bowers picked up news of the report for McKnight's Senior Living, focusing on five takeaways from the report, with a lot more details included in the article:
- The need for affordable housing, supportive services will increase.
- Moves will increase; services will be needed.
- Many older adults prefer larger buildings.
- Cost burdens lead to food, healthcare issues.
- Some areas are worse than others when it comes to housing cost burdens.
Planetizen’s Top Planning Books of 2023
The world is changing, and planning with it.
Chicago Red Line Extension Could Transform the South Side
The city’s transit agency is undertaking its biggest expansion ever to finally bring rail to the South Side.
More Affordable Housing for People, Less for Cars
Most jurisdictions have off-street parking requirements that increase motorists’ convenience but reduce housing affordability. It’s time to reform these policies for the sake of efficiency and fairness.
Seattle Council Rejects Transportation Impact Fee
Councilmembers who opposed the proposal say the fee would have slowed housing development and raised housing costs.
FHWA Issues Emissions Tracking Rule
The agency will require states to monitor transportation emissions and create plans to address air pollution.
FTA Proposes Measures to Prevent Transit Operator Fatigue
Public transit is the only type of transportation not already subject to ‘hours of service’ and fatigue risk management regulations.
University of New Mexico - School of Architecture & Planning
San Francisco Bay Conservation and Development Commission (BCDC)
HUD's Office of Policy Development and Research
Chaddick Institute at DePaul University
Arizona State University, Ten Across
Park City Municipal Corporation
National Capital Planning Commission
City of Santa Fe, New Mexico
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.