The baby boomer generation is “slipping through the cracks” of the U.S. retirement system due to the rising prices of home insurance across the country, according to an analysis from online insurance marketplace Insurify.

“A new source of financial strain on retiree budgets is homeowners insurance premiums, which have skyrocketed by 20% between 2021 and 2023,” the report stated, citing data compiled by the company.

An estimated 30.4 million Americans will turn 65 between 2024 and 2030, and more than two-thirds of them are expected to be “financially challenged” in details ⇒

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