Overall, older Americans are among the best housed citizens of a well-housed Nation. The majority of elderly households lead vigorous lives in quality housing that is within their means and located in neighborhoods that they like. When housing problems arise, most elders today have the financial resources to address them.

However, millions of elderly households continue to live in housing that costs too much, is in substandard condition, or fails to accommodate their physical capabilities or assistance needs. For many, the day-to-day economics and month-by-month housing situations of their working years have left their declining years insecure. Many more face the prospect of their hard-won housing security slipping away at some point in their lives, a casualty of declining health, dwindling wealth, a deteriorating home, or the death of a helpmate.