It’s Getting Harder for Americans to Grow Old in Their Homes

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 5 September 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

According to an AARP survey, 77% of Americans aged 50 and older want to live as long as possible in their current home. But rising costs mean that pursuing this dream has gotten harder. WSJ “Turning Points” columnist Clare Ansberry joins host J.R. Whalen to discuss how people are preparing their finances to stay in their home. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:15.0	water,
0:20.0	September 5th.
0:18.0	Here's your money briefing for Thursday, September 5th.
0:21.0	I'm J.R. Whelan for the Wall Street Journal.
0:25.0	Every day more than 11,000 people in the U.S. turned 65.
0:30.0	According to a survey from AARP of Americans 50 and over, many don't want to
0:36.2	downsize their home as they get older or move in with family members.
0:39.8	They want to stay in their current home.
0:42.1	They plan, they may save.
0:45.0	Running out of money is a big concern.
0:48.0	The other concern is being a burden on family members.
0:52.0	So many people, their kids have their own careers, they may not live nearby,
0:56.7	so they really don't want to impose on them. We'll talk to Wall Street Journal columnist Claire
1:01.7	Ansbury, after the break. TnB Tech Minute gives you the day's top tech headlines, featuring newsmakers that shape the tech world and beyond, like Open AI CEO Sam Altman.
1:20.0	The two things that I think will matter most over the next decade are abundant and inexpensive.
1:26.8	Intelligence and abundant and cheap energy.
1:29.6	And if we can get these two things, then it's almost difficult to imagine how much else we could do.
1:35.5	Check out TMB Tech Minute in the Tech News briefing feed from the Wall Street Journal. The vast majority of older Americans want to live as long as possible in their current home, but it's gotten harder to financially
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