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As report cites older adult struggle to meet expenses, expert says HCBS proposal won’t help middle market

Older adults are struggling to meet cost-of-living expenses in the nation’s 100 largest metropolitan areas, according to a new report from UMass Boston’s Gerontology Institute. But federal, state and local entities can play an important role in removing barriers to a secure retirement, the authors say. The Biden administration’s American Jobs Plan, which would allocate $400 billion in spending on home- and community-based care, will not help middle-income older adults as written, however, Nexus Insights founder Bob Kramer says.

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