Boomers live in vehicles in retirement, affordable housing crisis

Housing News

Boomers live in vehicles in retirement, affordable housing crisis
Cars
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.

More and more older Americans are getting priced out of their homes — and some are turning to their vehicles as their new abodes.Two older Americans in their 70s who live in their vehicles told Business Insider that even though they love the nomadic lifestyle, they couldn't make ends meet if they rented more traditional homes. Both said van life has allowed them to save more and work toward a more stable future.

She pays $85 monthly for a storage unit, between $300 and $400 monthly for food, and $75 for car insurance.Lee receives slightly over $1,000 monthly in Social Security, and with her earnings from YouTube and sales of her books on van life, she saves a few hundred a month. She said she has decent savings but added, 'It's nothing like what it should be for my age.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Cars

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Insider Fellowship ProgramBusiness Insider Fellowship ProgramBusiness Insider is seeking early-career journalists for its prestigious fellowship program. The program offers a unique opportunity to gain experience in a dynamic digital newsroom and contribute to award-winning journalism. Business Insider is committed to diversity, equity, and inclusion, providing a supportive and inclusive work environment for all employees.
Read more »

Three outstanding business leaders to be inducted into Dothan Business Hall of FameThree outstanding business leaders to be inducted into Dothan Business Hall of FameAs Pete Hegseth seeks to become President-elect Donald Trump’s Secretary of Defense his confirmation hearing is an opportunity to prove himself to the sizeable share of Americans who don’t know him or disapprove of his nomination.
Read more »

Tribune editorial: Whether a business is open on Sunday is none of the state’s businessTribune editorial: Whether a business is open on Sunday is none of the state’s business“Once again, Utah elected officials of the party that claims to want government to leave private business alone are looking to interfere in decisions that don’t belong to the state,” writes The Salt Lake Tribune editorial board.
Read more »

Breitbart Business Digest: Trump Inspired Business Optimism Will Put the Fed on HoldBreitbart Business Digest: Trump Inspired Business Optimism Will Put the Fed on HoldSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »

Three business leaders to be inducted into Dothan Hall of FameThree business leaders to be inducted into Dothan Hall of FameThe Dothan Business Hall of Fame is set to induct three area business leaders this year.
Read more »

Managing Millennials, Gen Z, and Boomers: Navigating the Complexities of Multigenerational WorkplacesManaging Millennials, Gen Z, and Boomers: Navigating the Complexities of Multigenerational WorkplacesLindsey Pollak, author of The Remix, discusses the challenges and opportunities of leading multigenerational teams in today's rapidly changing workplace. She offers practical advice on motivating older employees, engaging tech-skeptical colleagues, and building strong communication across generations.
Read more »



Render Time: 2025-02-12 04:01:50