Across the U.S., housing costs are consuming a growing share of senior budgets, leaving less room for everything else. In fact, about one-third of older households now spend more than 30% of their income on housing, a level considered financially burdensome. Even more concerning, millions of seniors are spending over half their income just to keep a roof over their heads. When housing takes the biggest bite, the rest of your expenses become harder to manage, but they don’t disappear. Here are five living expenses seniors can’t avoid anymore.
