The aging of America means more old people on fixed incomes are overwhelmed by the high cost of housing and other financial shocks; ‘not seen since the Great Depression.’
The aging of America means more old people on fixed incomes are overwhelmed by the high cost of housing and other financial shocks; ‘not seen since the Great Depression’
Judy Schroeder became homeless after she couldn’t afford her rent on her Social Security income. She stayed at a friend’s house in Naples, above, until Hurricane Ian flooded the property.NAPLES, Fla.—Judy Schroeder was living a stable retirement in this affluent Florida enclave. Then her apartment building was sold to a new owner during the pandemic and she lost her part-time job working at a family-owned liquor store.
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