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Nearly half of Detroit seniors spend at least 30% of their income on housing costs − even as real estate values fall

  • Written by Amanda Nothaft, Director of Data and Analysis, Poverty Solutions at the University of Michigan, University of Michigan
Nearly half of Detroit seniors spend at least 30% of their income on housing costs − even as real estate values fallThe high costs of maintaining a home can put Detroit seniors at risk.Nick Hagen/The Washington Post via Getty Images

For Detroit homeowners over 65 who overwhelmingly live on fixed incomes, unexpected costs – increases in grocery prices, rising health care premiums or an emergency repair – heighten their risk of financial instability...

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