KIRO Newsradio discusses the growing trend of seniors, even those with successful careers, struggling to afford housing and seeking roommates due to rising costs and loneliness. The report highlights a 72-year-old man's situation and mentions factors like divorce and lack of financial planning that contribute to these challenges.
A recent article featured a 72-year-old man who has been priced out of his previous living situation despite having a very successful career, and is now unable to live on his own.” on KIRO Newsradio, to run down the rising number of seniors being priced out as they navigate retirement, and why more seniors have sought roommates to cover costs.
“Folks who work for a living, when you get to the point of being on a fixed income, when you get to retirement age, in your 60s, you’ve got only so much you can do,” Spike said. “Housing costs have risen, risen, risen, and the cost of all these things is pricing people out. People are realizing that having a shared living space is becoming far more common because it addresses both the financial considerations and the loneliness factors.” 'Most pain I've ever experienced': Richland man survives 12-foot crocodile attack in Mexico, fights to save arm 'It's just so bizarre': Jake and Spike dig into mystery of 20 to 25 dead canines washing up on WA island Jake noted another statistic in the article: 40% of older adults are lonely, which has led to an increased number of these people left searching for a roommate to cover both costs and companionship. “They are seeking roommates, which is interesting. There’s another article from AARP that said old people, specifically old men, are very lonely,” Jake said. “Maybe this man didn’t stock money away. I mean, these are all things that you don’t want to catch up with you by the time you get into your 70s.” Spike explained that the 72-year-old man was recently divorced, and that such an unanticipated event can throw a wrench into a person’s plans as a “dramatic change.” “You may have built a life, but then when you get divorced, you’ve got half a life left,” Spike said. “Oftentimes, the nest egg you built gets cracked in half, and you’ve got egg on your face. You don’t plan on having these dramatic changes later in life. The fact that you built a life, bought a house, or rented in the area, had a career, and now this guy has to move out of LA. Couldn’t afford it anymore.” “These are life choices, man, LA is the most expensive city in the world to live in,” Jake responded. “I’ll tell you where to go. You want a nice, sweet little life? You get yourself over to Idaho, where they filmed Dante’s Peak. Go to Wallace, Idaho. This guy is still trying to keep up with the Joneses; that’s the problem. He’s trying to live in an area that’s too expensive.”Jake and Spike discuss the rising number of seniors being priced out as they navigate retirement, and why more seniors have sought roommates to cover costs.After a man allegedly burned down a 1.2 million square foot warehouse filled with toilet paper, the western U.S. now faces a toilet paper shortage.A new report from Northwest Mutual prompted KIRO hosts Gee Scott and Ursula Reutin to rethink what the American Dream is today.The media loves stories when the First Lady goes against the president, or at least seems to have a voice of her own.Ask Ursula: My friend is in crisis with anxiety and depression. Should I confront his wife for just living her life? Dear Ursula, I have a dear friend who’s struggling with severe anxiety and depression, but his wife seems to be carrying on as usual. Redmond HVAC contractor earns triple recognition in 60 days, reflecting a shift in how homeowners vet contractors Three independent organizations that evaluate home service contractors each reached the same conclusion: Home Comfort Alliance is among the most reliable in its market.WSECU Community Champion: Chrystal Ortega’s mission to feed Spokane Chrystal Ortega's tireless dedication recently earned her the WSECU Community Champions Award and a $1,000 grant to further the mission.When Shawn Tibbitts opened Tibbitts FernHill, he was just trying to survive. The small Tacoma restaurant has since earned culinary awards and praise.Wilcox Family Farms is continuing its cherished holiday tradition of giving back by donating nearly one million eggs to food banks across the South Sound region this season.Matthew Ballantyne has transformed that early awareness into action, embodying the organization's mission:"No Kid Sleeps On The Floor In Our Town."
Senior Housing Housing Costs Retirement Loneliness Roommates
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