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May 28, 2019 / Buffy Beaudoin-Schwartz, Editor

Middle-income seniors may be unable to afford housing and care in the future

HOUSING
–  According to a recent study published in the journal Health Affairs, the number of middle-income seniors is projected to soar in the next 10 years, and many of them will be unable to afford housing and care. In metropolitan areas such as DC, where the cost of living is higher than the national average, the problem is especially acute. (WaPo, 5/28)

Seniors who have too much income to qualify for government-subsidized housing and don’t make enough to live in a luxury development will be left behind … and for those without homes to sell or borrow against, the outlook is bleak: In 2029, 81 percent of middle-income seniors without equity in housing will have an annual income that is below the projected annual $62,000 for assisted living rent and estimated out of pocket medical spending, the study found … “Even if we assume that seniors devote 100 percent of their annual income to seniors housing — setting aside any personal expenses — only 19 percent of middle-income seniors will have financial resources that exceed today’s costs of assisted living,” the study said.

Opinion: The 2020 DC Council budget may cut the Affordable Housing Preservation Tool, which provides an opportunity for residents to stay in their homes with affordable rents. Eliminating funding for the AHPF in 2020 means, at minimum, a $60 million cut in funds to preserve affordable housing. (GGWash, 5/24)

EDUCATION | Five new charter schools are planned for the District for the 2020-2021 academic year but there are concerns that city resources will be affected and their opening may result in more empty seats at existing middle and high schools that are struggling to attract students. (WaPo, 5/26)

ENVIRONMENT | Can the DC area clean up its waste problem? (WTOP, 5/27)

POVERTY/HUNGER | It’s World Hunger Day. Here’s why so many people still suffer from malnutrition. (WaPo, 5/28)

DISTRICT | Long-standing tax breaks for tech companies in the District could be cut and the revenue used instead to fund social services. (WAMU, 5/27)

LGBTQIA | Transgender Military Members Say Ban Is ‘Don’t Ask, Don’t Tell 2.0’ (WAMU, 5/28)

GUN VIOLENCE | Giving Up Guns: High-Risk Veterans Are Ready To Talk About It (WAMU, 5/24)

PHILANTHROPY | One Foundation CEO’s Plan to Respond to Today’s Outrages. What’s Yours? (Chronicle, 5/22)


Hunting for mushrooms with the Mycological Association of Washington.

The (Almost) Daily WRAG will be back on Wednesday and Thursday!

– Buffy

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