The Aging House

In 2024, about 20% of all people experiencing homelessness were older adults aged 55 and over—and almost half of those older adults are unsheltered. This reality is the focus of a new issue brief, The Importance Of Federal Rental Assistance For Older Adults.

Market conditions are driving this situation—the average monthly Social Security retirement benefit is around $1,976, and the maximum Supplemental Security Income (SSI) is $967 per month—compared to the national average rent of $1,556 per month for a one-bedroom apartment. And over 40% of older renters have less than $1,000 in . . .