Housing prices are on the rise. Both home costs and rents are increasing, and affordable housing is increasingly tight, especially in urban areas across the country.
At the same time, the population is aging. Older populations face higher and growing medical costs and are at higher risk of mental health and safety challenges related to loneliness.
Meanwhile, the younger generations currently venturing out on their own for the first time are facing higher student debt than ever and, while the job market is strong, stagnant wages.
Put these three puzzle pieces together and you’ll notice a new trend of housing programs and services matching older and younger people as roommates.
Online services that help match those looking for housing with those with rooms for rent can be a way for the most rent-burdened older and younger generations to save money (or earn some) and to find community and companionship.
It’s even been tried by universities.
Do a quick search for senior home sharing services in your community. If housing is tight or rent prices are high, you’ll likely find both seniors and young people taking advantage of the unique housing arrangement.
It’s an opportunity for a fun story about friendship – and includes important insights on saving money for both your younger and older audiences.