Emerging themes on financial and health conditions of low-income older homeowners aging in place

According to the AARP (American Association of Retired Persons), most (88%) older adults want to remain in their homes for as long as possible (aging-in-place: AIP). However, as homeowners age, their quality of life at home is a concern because homes may not be built to accommodate their physical challenges. Foremost, financial and health challenges are the major concern of older adults, particularly, those having low-incomes. This qualitative phenomenological study focused on identifying themes on financial and health conditions of low-income elderly homeowners aging in place (N = 30) in an urban area. The researchers employed face-to-face interviews with open- and closed-ended questions. Regarding financial conditions, four main dimensions were identified: (a) uncertain financial conditions, (b) aging in place as a future living option, (c) financial dependence on government, and (d) informal support networks. In terms of health conditions, three main dimensions were identified: (a) prevalence of weakened or chronic health conditions, (b) limited activities of daily living relating to health concerns, and (c) connections among financial and health conditions. The researchers concluded that insecurity/uncertainty and vulnerable health conditions led the study participants to express no option for their future except remaining at home. Findings suggested that intervention or educational programs provided by government, community, and non-profit organizations are necessary to assist similar low-income elderly homeowners with sustainable living within their residential environment (home, neighborhood/community, and city).