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Rising Rents Force Seniors to Share NYC Apartments

2/13/2026

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Story summary
  • Alan Ferber, 87, and Daniel Yafet, 69, share a $2,000 monthly rent apartment in New York City to cope with rising costs.
  • Rising rents make it hard for seniors to afford housing without sharing.
  • The New York Foundation for Senior Citizens helps seniors find roommates to share costs.
  • In 2024, over 1 million Americans aged 65+ lived with non-relatives, up 16% since 2019.