WHYY
Homeownership rates among Philadelphia seniors remains high, but older renters face heavier cost burden
A majority of Philadelphia seniors are homeowners — about 69% — while a smaller percentage rent, research shows.
But more than a third of the city’s 65 and older population live at or below the federal poverty line, according to data from the Pew Charitable Trusts, which can make it difficult for homeowners and renters alike to find affordable housing on limited fixed incomes.