There’s another housing crisis on the horizon—but this one isn’t derivative driven. Instead, it’s driven by aging. By 2030, one in five Americans will be age 65 or older—and their homes and communities, particularly suburban communities, aren’t ready for them.
Most older Americans prefer to stay put in the home they’ve been in for years. And, according to a U.S. Department of Housing and Urban Development (HUD) report on “aging in place,” most households with at least one resident over the age of 65 are in the suburbs. As Brookings Institution demographer William Frey wrote in 2011, “the suburbs are now outpacing cities in having greater growth and concentration of populations age 45 and above.”
Yet several factors make aging in place in the suburbs difficult.