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With rent and cost of living rising, is getting a roommate the future ...
But, as the rising cost of living squeezes budgets, more seniors and even middle-aged Americans are seeking roommates to help them cover their costs.
Is getting a roommate the future of retirement in the city?
James Jones, a senior who rents an apartment in the Williamsburg neighbourhood of Brooklyn, New York City, told ABC 7 New York that he's looking for a roommate through the New York Foundation for Senior Citizens' Home Sharing Program (a free service for seniors). "It would help me to catch up on bills, pay my credit cards off," Jones said.
The Pros and Cons of Living in a Multigenerational Household
Additional adults in the home, particularly grandparents, can help care for young children. ... Sharing in home equity. As mortgage payments are made over ...
Managing Housing Costs in Retirement on a Fixed Income
Moving in with a trusted family member can reduce expenses on both sides. Formal home-sharing programs (often run by nonprofits or local agencies) can help ...
