July 13, 2020 — Not everyone wants to have a roommate in their retirement, but for many they are a great solution. A PBS Newshour feature this week, “High Costs Spur More Baby Boomers to Find Roommates“, highlighted how many homeowners are finding homesharing to be a great solution to high rents and inflation.
The primary motivation for getting a roommate is financial. Several of the women in the feature narrated by Paul Solman found themselves owning too much house with not enough money to maintain it, and unable to keep up with their other expenses. Bringing in someone to share those expenses proved to be a godsend for many of them. But several of those interviewed also reported being surprised by how much they enjoyed having a companion around the house. Friendships developed between very different people, and everyone seemed to benefit.
The segment featured an executive from Silvernest.com, a website that helps baby boomers find a roommate or homeshare.
Solman also interviewed some of his single, baby boomer relatives on their feelings about having a roommate. About half said that would be the worst idea ever (similar to many people on this site, see “Is a Golden Girls Retirement in Your Future“), while others said that the financial relief would be welcome.
The PBS feature is about 8 minutes long and quite interesting. We recommend it for anyone contemplating getting a roommate (or being one) for either financial or social reasons.
Comments? Would you be interested in either finding someone to share your home, or would you consider becoming a roommate yourself to save money or gain companionship? Please share your thoughts in the Comments section below.