Rising Number of Older Americans Facing Homelessness

Homelessness in the United States has been on the rise, with a significant increase in the homeless population in 2024. Of particular concern are Americans aged 55 and older, with over 140,000 experiencing homelessness daily. This number is projected to nearly triple by 2030. Factors contributing to this trend include job loss, eviction, and mounting medical issues. Experts highlight the challenges faced by this aging population, including lack of access to healthcare and support services. Rising healthcare costs and potential cuts to government programs like Medicaid further exacerbate the situation. The aging trend in homelessness has been ongoing for three decades, with the Baby Boomers generation at higher risk due to economic challenges they faced in their youth. (Aol)