Fortune December 2, 2023
Anita Snow, The Associated Press

Michael Genaldi’s road to homelessness began early this year when a car slammed into the rear of his motorcycle, crushed three of his ribs, and left him in a coma for over a month.

The 58-year-old lost his job as a machine operator, then his home, and he was living in his truck when he was diagnosed with stage 2 lung cancer. Too young to get Social Security, Genaldi now lives temporarily in a shelter for people 55 and older in Phoenix while he navigates the process of qualifying for disability payments.

As its population ages, the United States is ill-prepared to adequately house and care for the growing number of older people, concludes a new report released Thursday by...

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