Top Statistics

17 Million Older Adults Are Economically Insecure (2023)

Stat: Over 17 million Americans aged 65+ have incomes below 200% of the federal poverty level ($29,160 for a single person in 2023), making it hard to afford housing and repairs.

Why It Matters: Elderly homeowners often live on fixed incomes (e.g., Social Security), leaving no budget for critical repairs like insulation or generators. This stat shows the scale of economic insecurity, positioning BuildWell as a vital solution.

28% of Rural Virginia Homeowners Live Alone (2021)

Stat: In rural Virginia, 28% of homeowners are single-person households, often elderly, struggling to maintain aging homes on limited budgets.

Why It Matters: Elderly, low-income homeowners, especially those living alone, face unique challenges (e.g., power outages, harsh winters). Repairs (e.g., generators, accessibility mods) directly address their needs..

Aging Housing Stock Exacerbates Costs for Seniors (2025)

Stat: Millions of older U.S. homes are deteriorating, with rural Virginia’s aging housing stock particularly challenging for elderly homeowners on fixed incomes.

Why It Matters: Your mother-in-law’s home, with power outages and insulation issues, exemplifies this problem. Repairs like generators and insulation are critical for safety and affordability..