Real estate

For seniors, an intractable housing crisis

Illustration of seated concerned older woman.
Illustration: Eniola Odetunde/Axios

Housing affordability is becoming a central obstacle to Americans’ ability to retire, especially for those living on fixed and limited incomes.

The big picture: The high cost of housing is a growing problem for older Americans in supply-constrained and wealth-divided cities, and for developers of senior housing facing a growing preference for “aging in place.”

Companies experiment with ways to help teachers afford housing

Illustration of a teacher's hand drawing a house on a blackboard
Illustration: Sarah Grillo/Axios

A number of companies and educational institutions are trying to help teachers afford housing in communities that are dealing with skyrocketing prices that far exceed their paychecks.

Why it matters: Teacher salaries have not kept pace with rising housing costs, and several reports show new teachers are unable to afford rent in at least 50 major U.S. cities.