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https://www.blackenterprise.com/why-boomers-are-staying-in-their-homes-vs-assisted-living/
Fortune reports that a housing crisis may be brewing as baby boomers hoard their homes and refuse to move into financially out-of-reach assisted living facilities.
Financial analyst Meredith Whitney said the baby boomer generation is keeping their hard-earned homes because moving into assisted living spaces is just as costly. During an interview, Whitney highlighted that some older Americans are strapped for cash and borrowing against their homes. Forty-four percent of home-equity loans are being taken out by seniors, which she calls “counterintuitive.” “It’s crazy, right?” she questioned.
Whitney’s viewpoints vastly differ from the standard narrative that most baby boomers are financially secure and sitting on wads of cash. It may be true for some, as seniors account for 42% of all homebuyers compared to millennials, who account for 29%. “I divide it into different cohorts,” Whitney said.
“So the senior, which everyone thinks ‘the boomers have all this money’—that’s a small portion. Seniors are living paycheck to paycheck.”
The generation collectively has $75 trillion of wealth. However, Whitney, also known as the “Oracle of Wall Street,” who predicted the Great Financial Crisis, estimated that only 1 in 10 seniors can afford assisted-living facilities, forcing many to stay in their homes with super-high mortgage rates.
As a result, the rates have created a “lock-in” effect, described as when homeowners who got into the market at low rates are hesitant to buy new homes given today’s increased borrowing costs. “This is one of the problems with the housing inventory,” Whitney said during the Bloomberg TV interview. “They’re staying in their houses longer because they can’t afford to move out.”
The burden isn’t just on boomers. Their millennial and Gen X children are stuck with unaffordable long-term care for their aging parents. As the elders no longer have the means for long-term care, according to Yahoo News, the next generations typically leave their jobs or work less to provide care. Social Security experts call it a “sacrifice” that can potentially hurt them financially currently and in the future. “The bigger issue is you can create almost a cycle of poverty,” said Professor of Gerontology at the University of Massachusetts Boston, Marc Cohen.
“It’s not something that just sticks with one generation. The costs are borne communally.”
A 2023 Harvard Joint Center for Housing Studies report confirmed that privately provided long-term care, like assisted living communities and home healthcare, is out of reach for the average middle-class citizen. Less than 15% of Americans 75 and older living alone in major US cities could afford to pay for assisted living or home health aide visits without dipping into their savings. There may not be much assistance from the federal government, as the Trump administration focuses on Medicare, the government’s health insurance program for older people.
Medicare also doesn’t cover most long-term healthcare.
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Memorial Day is just around the corner, and that means summer is basically here. It’s time we dust off those grills, text the group chat, and get ready for some seriously good BBQ. But hey, instead of the same old routine this year, why not shake things up a bit? There are some incredible Black-owned BBQ brands out there that’ll bring a whole new level of flavor to the cookout, we’re talking deep soul, rich history, and taste that’ll have everyone asking for seconds. These folks are crushing it in the BBQ world, with items that range from tangy sauces to secret-recipe rubs, and we can’t leave out smoked meats. Get into these 10 Black-owned BBQ brands that will take your Memorial Day spread from good to mouthwatering.
Uncle Dell’s Mambo Sauce
This Washington D.C. gem is insane. It’s sweet, tangy, and has just enough heat to take basic chicken or ribs to the next level. Straight outta D.C.’s go-go culture, Uncle Dell’s Mambo Sauce works on everything. Slap it on thick and marinate overnight. This sauce will have you shook.
Jones Bar-B-Q
Jones Bar-B-Q is an institution in Kansas City, Kansas, under the ownership of sisters Deborah and Mary Jones, who have been serving delicious BBQ with love for many years. The Jones sisters have bottled their signature BBQ sauces, bringing Kansas City flavor to your backyard cookout. The combination of their signature burnt ends with slow-cooked pulled pork creates an unforgettable dining experience.
Bludso’s BBQ
Kevin Bludso is the genius behind the sauces and rubs. Bludso mixes Texas BBQ with Cali vibes, and it’s insane. This grill master also has a cookbook with recipes for his beef brisket, which is rumored to be smoky, tender, and cooked to perfection, as well as his BBQ chicken sandwiches.
Big Red’s Hot Sauce
Paul Ford and his family run Big Red’s Hot Sauce, a Black-owned gem tucked away in Phoenix, Arizona. Their lineup of hot sauces and BBQ concoctions isn’t just spicy, they’re bursting with flavor that’ll make your taste buds backflip. Grill masters across the region swear by these sauces when they’re looking to kick their backyard cookouts up a notch.
Uncle Jammy’s BBQ Sauce
This Pittsburgh joint offers some incredibly delicious sauces! They have a wide range of flavors, including sriracha, golden BBQ, and spicy Cajun options. Simply slather these sauces on some smoky ribs or grilled vegetables, and you won’t regret it.
Sienna Sauce
This sauce was created by Tyla-Simone Crayton when she was just 14 years old. It’s blown up so much that you can now grab a bottle at H-E-B, Wegmans, and other stores nationwide. Tap into the Smokey Brown flavor, or the Sweet & Tangy and Lemon Pepper, which are equally mouthwatering.
Scott’s Barbecue Sauce
The family recipe of Scott’s Barbecue Sauce from 1917 provides a sugar-free and fat-free alternative for people with dietary needs. The vinegar-based flavor profile of this BBQ sauce follows the traditional methods of Eastern North Carolina BBQ. Use this BBQ sauce to flavor both pulled pork and grilled chicken.
Sniffin’ Griffin’s BBQ
Have you tried Sniffin’ Griffin’s BBQ yet? It’s West Coast rapper Warren G’s place. The BBQ at Sniffin’ Griffin’s stands out from others because they combine peach-based sauces with tropical flavors to create an unforgettable experience. The smokehouse experience at this establishment stands apart from traditional smokehouses. The restaurant offers a selection of rubs and seasonings that customers can purchase to enhance their home-cooked chicken and pork dishes. The Smokin’ Me Out and We Brings Heat are popular flavors.
Bobby Brown Foods
Bobby Brown Foods operates as a Black-owned business under the leadership of singer Bobby Brown. The company provides all-natural BBQ sauces together with seasonings, hot sauces, and fry mixes. The company’s sauces stand out because they deliver intense flavors while containing less sugar and sodium. The Sweet & Spicy BBQ Sauce, Boston Blend Seasoning, and Straight Fire Hot Sauce represent some of their most well-known products.
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Readers beware, the reboot train of the 2020s continues in 2025. The next property to get this treatment is Little House on the Prairie, whose original TV run lasted from the mid-1970s to the mid-1980s. For those who aren’t familiar, the show followed the very traditional and Christian Ingalls family, who lived on a small farm in rural Minnesota in the late 1800s. Based on Laura Ingalls Wilder’s popular book series of the same name, the live-action adaptation became a hit among viewers. Now, Little House on the Prairie is set for a reboot at Netflix.
The show has found its most important cast member: Alice Halsey as Laura Ingalls. She is the protagonist and whom we will experience the series through, after all. Here’s a (very long) description of the character courtesy of Deadline:
Laura (Halsey) is a disruptor. Honest to a fault. Questions authority. She’s our window into this adventure. An American icon in waiting. Forget your modern ideas of childhood — the stakes are high for children living in the 19th century. They have responsibilities — and freedoms — that seem extraordinary in this era of helicopter parenting. Mixed in with small pleasures and petty disputes with her older sister are true feats of survival and bravery. She is observant, tender, strong-willed, hot-tempered. She resists the bounds of 19th-century ladylike behavior — she likes to run barefoot and feel the sun on her face. She is curious and optimistic and fearless, like her father; resourceful and hardworking and honest, like her mother. She is quick to call out anyone who is cruel or unjust. She loves fiercely and unapologetically and is utterly devoted to her dog, Jack. She rubs some adults the wrong way — too many hard questions, too much personality, too much energy — but to the people who matter, she’s a bright light. She absorbs every detail she sees around her, collecting them for stories she will someday share with the world.
Additionally, Luke Bracey, Crosby Fitzgerald and Skywalker Hughes will play Charles Ingalls, his wife Caroline, and Mary Ingalls, respectively. Deadline reports that Jocko Sims, Warren Christie, Wren Zhawenim Gotts, Meegwun Fairbrother, and Alyssa Wapanatâhk will be series regulars and Xander Cole will be in a recurring role. Sims and Christie will play characters from the books, Dr. George Tann and John Edwards, respectively. Gotts, Fairbrother, Wapanatâhk and Cole will play new characters, members of Osage family.
According to Variety, Rebecca Sonnenshine (The Boys, Archive 81) will be the show’s executive producer and showrunner. It is an interesting choice considering the rather chaotic state of our world and the ongoing push for “traditional/old-school values” that aims to put people into heteronormative social boxes in the name of upholding religious standards that not everyone believes in. The original series was indeed into church, faith, etc., even when it tackled controversial topics within its idealized nuclear family.
Sure, this Little House on the Prairie reboot could go down an unexpected and more liberal-minded pathway, but then it would not quite be the same. A period drama based around these characters could be fun if it is willing to take some big swings, subvert expectations, and challenge period norms while examining trials and tribulations of living off the land. (Seriously, people need to see that the most, since everyone thinks they want to be homesteaders these days.) We shall see which way it sways under Sonnenshine’s oversight.
Anyway, here’s the official logline for this series:
“Part hopeful family drama, part epic survival tale, and part origin story of the American West, this fresh adaptation of Laura Ingalls Wilder’s iconic semi-autobiographical ‘Little House’ books offers a kaleidoscopic view of the struggles and triumphs of those who shaped the frontier.”
Of course, this recent greenlight means there isn’t much more information at this time. Until then, those who want to watch the original series can watch it on Peacock.
Originally published on January 29, 2025.
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