The costs of aging in place
Marketplace Morning Report
American Public Media
4.5 • 808 Ratings
🗓️ 1 July 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
Surveys consistently show people want to age in their current home. Yet homeownership is costly for older adults of modest means, especially those still paying off their mortgage and living on fixed incomes. That hardship can be exacerbated, too, by additional medical or disability needs. We'll hear more as part of our Buy Now Pay Later project, produced in partnership with Next Avenue, a nonprofit news platform for older adults produced by Twin Cities PBS. But first: The Senate is coming off an all-nighter, and stocks rebounded remarkably this past quarter.
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| 0:53.7 | It's about keeping everything secure. They haven't gotten to your business, it's not just about keeping the lights on. It's about keeping |
| 0:54.4 | everything secure. They haven't gotten to the big Senate vote yet on cutting taxes and cutting |
| 1:01.0 | programs. I'm David Brancaccio in Los Angeles. The Senate is coming off an all-nighter with |
| 1:07.7 | one vote after another on amendments ahead of a big decision on spending and taxing. |
| 1:13.3 | But before that is this voterrama. Here's an update from Marketplace's Nancy Marshall-Genser. |
| 1:18.5 | Senators are voting on a series of amendments to the massive bill, some aimed at making it less expensive. |
| 1:24.1 | The Congressional Budget Office has estimated the bill will add more than |
| 1:27.9 | $3 trillion to the budget deficit over the next decade. Senate Republicans have a very |
| 1:33.6 | narrow margin for error here. They can only lose three votes. The House already passed |
| 1:39.0 | its version, but if the Senate makes changes, the House will have to come back into session |
| 1:43.8 | to approve the Senate version before the legislation can make its way to President Trump's desk. |
| 1:49.6 | I'm Nancy Marshall Genser for Marketplace. |
| 1:52.6 | Now, to an economist who's focused on the way the tax-cutting, federal program cutting, and debt-increasing bill plays out in the economy. |
| 2:00.3 | Longer-term effects are one thing, |
| 2:01.9 | but so is the short term, assuming a version of this passes into law. David Kelly is chief |
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