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IPFS News Link • Economy - Economics USA

Baby Boomer Hell: Homelessness set to surge among US elderly

The number of homeless senior citizens will likely soar by one third over the next decade as the US population ages, a report by the National Alliance to End Homelessness warned Monday. The projection is based on the record number of so-called Baby Boomers turning 65 in the United States and current levels of poverty among the elderly. According to data from the Census Bureau used in the report, one in 10 people over the age over 65 (9.9 percent) was living under the poverty level in 2008 and had annual resources of under 10,326 dollars a year.