Rising Property Taxes Result In Financial Insecurity For Seniors

elderly couple; home; property taxes
Photo courtesy of Pixabay.

According to an article by Money.com, home prices have soared nearly 20% in the past year. This rising cost often results in rising bills on property taxes. Unfortunately, this is difficult for senior citizens who rely on a fixed income each month.

“[Older adults] are certainly vulnerable, and I think it’s not intuitive they would be,” Geoffrey T. Sanzenbacher, a research fellow at the Center for Retirement Research at Boston College tells Money.com.

Luckily, the article continues, detailing some ways seniors can get help with their property taxes. Be sure to check out the original article here.

Then, be sure to check out how Senior Security Alliance is calling for more financial security for senior citizens.

Leave a Reply