Believe it or not, there are a lot of poor boomers too. It wasn’t all peaches and cream like the agists would have you believe. We’re actually facing an explosion of homeless elderly people right now because of the skyrocketing costs of living, especially rent. If you’re only getting $1000 per month from SSI, with no hope of ever increasing that amount, you’re physically and/or mentally incapable of working, and your rent triples in price, what do you do? They have far fewer options than younger people, so they end up on the street.
Believe it or not, there are a lot of poor boomers too. It wasn’t all peaches and cream like the agists would have you believe. We’re actually facing an explosion of homeless elderly people right now because of the skyrocketing costs of living, especially rent. If you’re only getting $1000 per month from SSI, with no hope of ever increasing that amount, you’re physically and/or mentally incapable of working, and your rent triples in price, what do you do? They have far fewer options than younger people, so they end up on the street.