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Cost of Living

Title:

Cost of Living

Published: Mon, 1 Dec 2008

Description: Older homeowners take on roommates to make ends meet

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Automatically Generated Transcript (may not be 100% accurate)

" The slumping economy and rising cost of living taking on a toll on thousands of older homeowners. Mostar on fixed incomes so to make ends meet summer going to non profits for financial help but they're not looking for him out here. They want roommates a fox report now from Laura Ingle. "

" brown is a single 74 year old retiree who like many senior citizens is having a tough time paying your mortgage on her three bedroom townhouse in Hillsborough New Jersey. "

" When I bought this house I intended to work until I was seven -- in my company. And that that didn't happen into the."

" 63 year old Melinda young moved in with -- after she found herself in a serious financial bind."

" I didn't have to ask my family for help you know my sons have their own families have their own kids and their own issues."

" Melinda pays 500 dollars a month towards -- household expenses a deal that's music to the years. All magnanimous. But there are about 100 nonprofit programs across the country that -- thousands of seniors was suitable -- so seniors can stay in their homes it's called home cherry -- honey sorry. The salary in financial experts say they see all the time seniors on fixed incomes struggling to make ends meet."

" Most senior citizens find that every year. They're a little bit more -- than the year before."

" Which is why more seniors are turning to home sharing. Agencies carefully screened potential matches sometimes they do background checks these home sharing matches do more than just help ease the burden of paying rent and bills. In some cases the matches bring a true sense of companionship to the home. Including sharing meals TV time even taking care of each."

" Those pets having somebody in the house with a driver's license who is more comfortable on the road. Can actually be the difference between being isolated and being connected to the world around them Belinda engine that just passed their one year anniversary as roommates and now friends that you know rich then that poem that says who -- the strength comes from leaning into each other. Yeah that's what happened fifth. In Hillsborough New Jersey -- Laura Ingle Fox News --"

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