Rising Housing Costs Force More Seniors to Seek Roommates
As housing costs continue to rise across the United States, an increasing number of seniors are finding themselves unable to afford living alone. According to SpareRoom, a listings site, the number of adults aged 65 and over seeking to rent with a roommate has tripled in the past decade. This trend is driven by the financial strain many seniors face, with more than a third of households headed by adults 65 and over struggling to pay housing costs, as reported by the Joint Center for Housing Studies at Harvard University. The situation is particularly challenging for women living alone. Seniors like David West, a 72-year-old former Hollywood cinematographer, have turned to house-sharing as a cost-saving measure. West, who moved to Fresno, California, after facing personal and financial setbacks, now shares a home with another older man, benefiting from shared expenses and mutual support.