Tag: elderly poverty
Declining Wealth and Rising Cost of Necessities Are the Real Worries When It Comes to Senior Poverty
But the real cost of necessities and declining wealth of those approaching retirement should set off alarm bells. In the wake of the release of the Census Bureau’s Poverty in the United States: 2021, observers have noted that the poverty rate among the elderly ticked up from 2020, while it declined or remained unchanged, respectively, for…
The brief’s key findings are: Medicare Part D, introduced in 2006, has increased spending on prescription drugs for the elderly, but its impact on other health spending is unclear. The analysis addresses this issue by examining the use of other health care before and after Part D was introduced. The results show that the impact…
