American Morning

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December 3rd, 2010
08:53 AM ET

Modern-day Golden Girls: Grandmas move in together to save money

Twenty-five years after "The Golden Girls" went off the air, the real-life version is unfolding across the country. In recent years, thousands of single women in their 50s, 60s and 70s have chosen to share houses or apartments — to have a roommate, maybe for the first time since college.

It’s a move often born of financial need — or in some cases, from a desire to keep up a more robust standard of living. According to one home-sharing agency in San Mateo, Calif., 58% of people looking for a roommate were women ages 50 and older in fiscal year 2009-2010 — up from 48% in 2006-2007. In Baltimore, a similar program has seen a 23% increase in women over 50 looking to share a home in the past two years.

The trend is so strong that its given rise to a cottage industry, including roommate-finding services that have niche areas devoted to older women, as well as firms, like St. Paul, Minn.-based Golden Girl Homes, that specialize in home-sharing for older women.

AM’s Alina Cho interviews two roommates.

Filed under: American Morning • Economy
soundoff (2 Responses)
  1. dfxgh

    The golden girls went off the air in 1992, not 25 years ago.

    December 3, 2010 at 5:33 pm |
  2. Anne Fletcher

    Great idea for a nationwide movement. Lots of us out there who prefer not to live alone or cannot afford to continue to live alone. Poke me on facebook with positive comments.

    December 3, 2010 at 11:22 am |