People aged 65 and older are the fastest-growing group of people who are homeless and their ranks will peak by 2030. This daunting forecast comes amid escalating rents nationally, stubborn inflation and a potential recession that compounds woes for baby boomers who have minimal savings for retirement. It also comes as traditional workplace pensions are increasingly rare and workers must rely on the savings they have accumulated through their working lives. About 27% of people who are 59 or older have no retirement savings, according to a survey from Credit Karma. According to a 2019 study by University of Pennsylvania and others that analyzed the populations of homeless shelters in New York City, Los Angeles and Boston that predicted by 2030, the number of people 65 and older who are unhoused will nearly triple compared with 2017. University of Pennsylvania professor Dennis Culhane says this significant growth, especially in…
