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Aging baby boomers becoming roommate generation

 

NEW YORK – June 10, 2014 – Experts says it will soon be more common for older Baby Boomers to have roommates as they increasingly age in place.

Rachel Caraviello, vice president of Affordable Living for the Aging (ALA), says such arrangements are part of the "sharing economy" and typically pairs one house-rich but cash-poor roommate with another who has the opposite problem.

According to the ALA, cohabiters aged 50 or older with no familial or romantic relationship make up some 130,000 households across the country.

Some of these arrangements may involve one roommate helping the other with shopping, transportation, and cooking or serving as an informal caregiver, says Rodney Harris, a housing specialist at AARP's Public Policy Institute.

Source: ABC News (05/04/14) Farnham, Alan

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