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Kiplinger
Kiplinger
Business
Brian O'Connell

Why More Retirees Are Taking on Tenants

Two mature female roommates working at a table.

Would taking on a tenant or roommate help retirees counteract occasional loneliness in retirement and pick up some extra cash? According to a new study, yes.

That’s the takeaway from a new study by roommate-matching website SpareRoom, which finds the 65-and-over crowd is the fastest-growing roommate sharing age group in the U.S. According to the report, the percentage of 65-and-up Americans who advertised a room for rent rose 48% between 2023 and 2024.

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