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Golden Girls Re-invented
Jodi Raffa has been searching for a roommate for over a year. Her husband passed away five years ago, and compounding her loss was a 75 percent reduction in her household income.
The 76-year-old lives in a sunny three-bedroom, two-bathroom home overlooking a lake in a 55-and-over community in Groveland, Fla. "I live on a very strict budget and am not able to indulge in any extras at all,” said Raffa, who worked in administrative jobs before she and her late husband retired in 2010. Raffa now views that move as a “hasty decision” in light of her financial circumstances.
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Single Boomers Struggle Finance Not Emotional Support
In an 1987 interview with NPR, the late Betty White noted that the four women who lived together in “The Golden Girls” did so for social reasons rather than financial necessity. “All that I think we have accomplished is to show that there is an alternative lifestyle,” White told “
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Trends Appeared Long Before COVID
Even before the pandemic, demographics were shifting toward nonfamily households. In 1960, 85 percent of households were composed of families, according ...
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Where They Are Now
Four decades later, the idea of housemates late into adulthood is experiencing a revival, but with financial factors front and center. As boomers live longer and retire without the financial safety net of employer-sponsored pensions, covering the rising costs of food, housing and insurance become...
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Inspiring New Businesses
The growing interest in home sharing, especially for those boomers who are house-rich and cash-poor in expensive housing markets, is being cultivated by nonprofit and commercial programs as well as municipalities. Since 2015, New York, Seattle, Denver, Tucson, Northern California and the metro Wa...
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Boomers getting hit financially leaving more stress on housing market and economy
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