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Stories Tagged as

Seniors

Demand for generators grows amid Texas outages. But who can afford them?

by Elizabeth Trovall
Sep 9, 2024
The price of a generator can range from hundreds to many thousands of dollars, putting them out of reach for the most vulnerable.
Extreme weather means blackouts are a part of life in Texas. But for low-income seniors and others in need, buying a generator to operate an air conditioner or medical equipment may be out of reach.
Brandon Bell/Getty Images
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Retirement communities are creating a "steady stream" of spending for local economies

by Kimberly Adams and Sarah Leeson
Jul 18, 2024
At Sun City Texas, where the median age is 73, seniors are kicking up their heels and patronizing a variety of nearby businesses.
Many baby boomers are enjoying retirement and spending it up.
Christopher Furlong/Getty Images
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It can be harder for seniors to get mortgages, research shows

by Samantha Fields
Feb 15, 2023
Many older people have lower incomes and less time to pay off loans than younger counterparts, making lenders hesitant.
Older homeowners may be denied refinancings or new mortgages because of high debt-to-income ratios or other financial factors, according to Linna Zhu at the Urban Institute.
Westersoe/Getty Images
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COVID-19

Seniors on limited incomes find ways to cope in the pandemic

by Lesley McClurg
Nov 26, 2020
Social Security, Medicare prove key to helping two older women in San Francisco remain financially stable.
Residents walk inside a retirement community in Pompano Beach, Florida.
Chandan Khanna/AFP via Getty Images
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COVID-19

For seniors on Medicare, there are new offerings that may be appealing during COVID-19

by Erika Beras
Oct 15, 2020
Some supplemental plans offer benefits that are related to health care, like access to meal delivery services or transportation to medical appointments.
EMS medics treat a senior with COVID-19 symptoms in Houston, Texas.
John Moore/Getty Images
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Census data shows fewer seniors are living alone

by Marielle Segarra
Dec 19, 2019
There's hasn't been in increase in seniors in nursing homes, either.
A new investigation published in The New Yorker detailed what happened at St. Joseph's Home for the Aged, a nursing home in Richmond, Virginia, after it was acquired by a private equity firm in 2021.
Scott Olson/Getty Images
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How We Shop

Shopping in the gig economy after retirement

by Sean McHenry
Dec 13, 2019
One retiree earns a little extra with a shopping app.
Shipt bags on display.
Gustavo Caballero/Getty Images
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California seniors are opting to live together as a way to cut housing costs

by Amita Sharma
Jun 20, 2019
At the root of the trend is a need for companionship and, in an expensive state, financial support.
An elderly man pushes his walker beneath an almost full moon during early evening in Monterey Park, Los Angeles County,
FREDERIC J. BROWN/AFP/Getty Images
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The new downsizing solution for seniors? Look in the backyard

by Matt Levin
May 29, 2019
The "accessory dwelling unit" is growing steadily in popularity, especially in expensive neighborhoods.
Paul Boehm stands outside the tiny home he's building in his Silicon Valley backyard. More and more seniors are turning to in-law units as a viable downsizing option as they age.
Matt Levin, CALmatters
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More seniors are working — some by choice, others by necessity

by David Wagner
May 1, 2019
Americans aged 65 and older are more likely to keep working into old age.
Emma Allen drives herself to work most days. It’s convenient, but the cost of car insurance stretches her limited budget.
Sean Havey for California Dream
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