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It might "just" be the homeless population is ageing. We really need a model prediction of how we expected the homeless population death rate to change over tim
by roenxi 3y ago
It might "just" be the homeless population is ageing. We really need a model prediction of how we expected the homeless population death rate to change over time. I doubt it is in a steady state.
"The number of Californians 55 and older who sought homelessness services soared 84% between 2017 and 2021" (from the article), so something demographic is changing. It'd be interesting to know what happened to their retirement savings.
- brailsafe 3y ago> It'd be interesting to know what happened to their retirement savings. What happened to what retirement savings?
- toomuchtodo 3y ago45% percent of households with members ages 55 to 64 have no savings at all. The median retirement account balance is about $100,000; most middle-class people need $600,000. There are 39 million workers 55 and older in the U.S. Workers 75 and older are the fastest-growing age segment of the workforce. https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf https://web.archive.org/web/20231028173718/https://www.nirsonline.org/2020/01/new-report-40-of-older-americans-rely-solely-on-social-security-for-retirement-income/ https://web.archive.org/web/20231028173718/https://www.nirso... https://news.ycombinator.com/item?id=39448800 https://news.ycombinator.com/item?id=39448800 Housing is also wildly unaffordable. https://news.ycombinator.com/item?id=39550922 https://news.ycombinator.com/item?id=39550922 (citations)
- kelnos 3y agoA disturbing number of people in the US don't have much retirement savings to speak of. Or any retirement savings at all.
- rickydroll 3y ago> It'd be interesting to know what happened to their retirement savings. Multi-year medical problems leading to bankruptcy and divorce.