More than half of middle-income seniors will lack financial resources for senior housing and care by 2029

Demographic shifts in the United States over the next decade will nearly double the number of middle-income seniors ages 75 and over — more than 14 million people — lacking the financial resources to afford senior housing with supportive personal care services, a new study shows.

The study, published by the journal Health Affairs and also scheduled to appear in its May 2019 edition, identifies a vast new “middle market” for the senior housing and care industry and underscores the need for government and private sector actions to ensure middle-income seniors can afford the housing and care they will need. 

The study was conducted by researchers at NORC at the University of Chicago, with funding provided by the National Investment Center for Seniors Housing & Care, with additional support from AARP, the