Older adults share homes to keep aging in place affordable

Home-sharing arrangements are helping older adults stay in their own communities amid housing and care costs.

Facing rising housing costs and a squeeze on caregiving, some older adults are turning to shared-living arrangements — pooling homes and resources so they can afford to age in place rather than move into institutional care.

The appeal is straightforward: shared costs, companionship, and mutual support can make independent living viable when it otherwise would not be. For the care and shelter needs, this is a grassroots workaround to a shortage of affordable options, stretching existing housing further. It is not a substitute for formal care where that is needed. This brief rests on limited information, and the fuller account is with the source.

Source: KFF Health News