Much more in the linked article (NPR), worth a read if the topic concerns you.

McIntire is 69, part of the baby boomer generation that is entering older age amid a historic affordable housing shortage and rising wealth inequality in the U.S.

She wishes she'd known earlier how difficult things could get.

"I think that's the main thing people need to know," she says, "that they need to be prepared beforehand for what's coming down the road."

A newly released report from Harvard University's Joint Center for Housing Studies sounds a loud warning about what's ahead as the country ages rapidly, and how unprepared the U.S. is as boomers start to turn 80 within the next decade.

Nearly a third of households headed by seniors are considered cost burdened, which means they pay more than 30% of their income for housing. Half of that group pays more than 50%. And as the boomers have aged, households in this group reached an all-time high of 11.2 million in 2021.

That's likely to grow further as the number of households headed by someone aged 80 and over doubles by 2040.

"Their purchasing power is going down, at a time when rents are rising and other costs are rising, food and health care and all of that," says Jennifer Molinsky, project director of Harvard's Housing and Aging Society program.

Even for many moderate income seniors, Molinsky says the dual burden of housing costs and caregiving needs will be too much.