February 18, 2024

Growing Number of Black and Hispanic Middle-Income Older Adults May Be Unable to Afford Housing and Health Care in the Next Decade

New analysis of middle-income older adults reveals financial disparities across racial and ethnic groups and geography.

CHICAGO, February 15, 2024 — Millions of Black and Hispanic middle-income older adults will lack the financial resources to pay for senior housing and health care expenses as they age, according to new findings from NORC at the University of Chicago’s “Forgotten Middle” study commissioned by The SCAN Foundation. The analysis shows the number of middle-income older adults of color will increase from 12 percent in 2020 to 25 percent by 2035, yet this population will be least likely to afford senior housing and care when compared to the middle-income older adult population as a whole. READ FULL ANNOUNCEMENT