Senior Poverty

‘I’m terrified I’ll be homeless when my husband, 76, stops working’: We only have $100K. What happens to people like us?

A 69-year-old woman expresses deep fear of homelessness as her 76-year-old husband, the primary earner, approaches retirement with only $100,000 in savings. This reveals a critical and common issue facing many older Americans who lack sufficient retirement funds and face the harsh realities of rising living costs, particularly housing, in their senior years.