Florida, long a retirement destination, is facing a growing crisis as its senior population surges. By 2050, South Florida will see a 55% increase in residents aged 65 and older, with many living on Social Security alone, often below the poverty line. The challenges are immense: affordable housing is scarce, with rising rents and costly condo repairs pushing seniors to the brink of homelessness.
With an aging population and dwindling retirement savings, Florida’s seniors face a retirement savings crisis. Only 15% of workers have access to pensions today, leaving many reliant on inadequate 401(k) plans. Local governments are exploring solutions, such as renovating public housing and loosening zoning laws for accessory dwelling units (ADUs) to house elderly relatives.
Transportation is another critical issue. As seniors outlive their ability to drive, many are left without reliable options, relying on public transit or family. Experts suggest partnerships with ride-sharing services and improvements to pedestrian infrastructure could help.
With over 10,000 Americans turning 65 every day, Florida’s leaders must act now to address this growing crisis and ensure that seniors can age with dignity, not poverty.
