|JOHN ROGERS, Associated Press|
"There were 433,000 older adults, age 65 and over, who housed approximately 589,000 of those adult children," the researchers said in the report released by the
Of those adult children living with older parents, researchers found that only about 42 percent were employed, putting a significant strain on the parents to provide not only housing but also necessities like food, medical care and transportation for them. To do so for just one adult child, the study found, costs the average couple about 2 1/2 times more per year than they would pay just to take care of themselves.
Exacerbating that problem is the already high cost of living in
While qualification for many public assistance programs is based on federal poverty level standards, he said, those standards are calculated on the average cost-of-living for the country as a whole.
Under federal poverty level standards, for example, an older couple renting a home would be expected to cover all expenses on
They estimated that an older couple living with one adult child would need about
Among other things, the study recommends Supplemental Security Income benefits and food assistance programs for older people be increased, more housing for seniors be provided and that low-income adult children be encouraged to apply for health insurance through the state's
In the meantime, Wallace said
"Right now the economy isn't generating jobs fast enough to soak up a lot of the people who have either lost their jobs or are coming into the job market," he said. "The near future looks like the numbers are likely to remain stable or grow."
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