People are living longer and while there are many benefits to longevity, the collision of multiple aging generations is taking a toll on an already burdened housing system. Housing crises are happening throughout the nation, with older populations being some of the hardest hit.

The demand for 55-plus housing and assisted living facilities is increasing both due to increased longevity and escalation of housing costs, making it harder for older individuals to afford to live in their homes. According to Megan Walton, CEO of the Southern Maine Agency on Aging, nationally, people over the age of 50 are the fastest growing segment of the homeless population.

“It’s sad and it’s also scary, because these are people who, in a lot of ways, have done everything right. They’ve had a job, they’ve started to save for retirement, and yet, the cost of living is high, and the supply of housing is so low compared to the demand,” Walton says. “We’re really in for a harrowing season ahead when it comes to housing for older adults.”