Harry speaks with Peyton Whitney about the findings from a recent report by the Joint Center for Housing Studies. The discussion delves into the concept of 'housing burden,' where households spend more than 30% of their income on housing, and its severe implications for older adults. They explore the escalating costs of housing and long-term care, particularly home-based care, and how these costs disproportionately affect older adults, especially minorities and women. The conversation highlights the increasing number of older households facing financial strain, the necessity of Medicaid and other support programs, and the urgent need for policy changes to improve the situation. Practical advice for older adults and their families on preparing for future care needs is also provided.

More on Peyton and the JCHS at https://www.jchs.harvard.edu/

Topics

00:31 Understanding Housing Burden

01:17 Impact of Housing Burden on Older Adults

02:28 Housing Market Challenges for Older Adults

03:31 Statistics on Housing Burden

07:20 Long-Term Care Costs and Dual Burden

13:01 Medicaid and Home Care Services

16:26 Recommendations and Community Support

21:16 Personal Story and Conclusion