Baby boomers facing spike in homelessness: "As much as we try, we might be stuck"

San Diego, California — Maria Negrete, her daughter and her granddaughter dwell of their automotive in San Diego after they misplaced their jobs and obtained evicted from their house. 

"It is laborious as a result of as a lot as we strive, we really feel that the system pushes you to the place that we're," the 65-year-old informed CBS Information. 

Negrete mentioned she doesn't see how she and her household will get again on their ft. 

"I do not see any manner, particularly with every thing so costly, like fuel, the rents, every thing," she mentioned. "And that is heartbreaking for me." 

Negrete is a member of one of many quickest rising teams now going through homelessness: child boomers. Like her, many labored low-paying jobs and had no financial savings to fall again on when occasions obtained powerful. 

The variety of homeless folks over 55 is predicted to spike to 225,000 nationwide within the subsequent 4 years — a 32% soar from 170,000 in 2017 — in response to a College of Pennsylvania research. 

"We hear the identical story over and over. 'I've lived on this place 10, 15 years. And now I've to maneuver as a result of they've elevated the lease above what I even earn for a given month,'" mentioned Teresa Smith. Smith began Desires for Change, a company that helps homeless folks by offering jobs and secure parking for these with vehicles. 

Almost half of Smith's shoppers are child boomers. The disaster grew in the course of the pandemic and has been intensified by document inflation and housing prices. 

In San Diego, the typical two-bedroom house is greater than $3,700 a month, up 21% from final yr, in response to lease.com

"My greatest concern is that as a lot as we strive, we may be caught being within the automotive for a very long time," Negrete mentioned. 

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