Silver Tsunami In A Nut Shell
- 45 million seniors currently reside in the United States and is expected to double to 90 million over the next 5 years.
- 64% of 90 million older adults (57.6 Million) will only have Social Security with an average income of $1,294.00/per month.
- 78% of older adults will own their homes meaning that 12.672 Million older adults are at risk of homelessness due to increasing rental rates and long waiting lists at affordable housing communities.
- HUD Choice vouchers and entrance into Older Adult communities for persons 62 years old and over have a 5 year average wait list across the nation.