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Beth Burnham Mace

ANNAPOLIS, MD—Fewer than half (46%) of America’s middle-income seniors will be able to afford the $60,000 average annual costs of seniors housing and out-of-pocket medical costs in 2029, new research conducted by NORC at the University of Chicago, shows. However, an additional 5.9 million older adults could afford senior housing if annual costs were cut by $15,000. Also, if average annual costs for seniors housing and care fell by just $10,000 a year, an additional 2.3 million older Americans could also afford it.

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