Tag: senior poverty
Declining Wealth and Rising Cost of Necessities Are the Real Worries When It Comes to Senior Poverty
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 those under age 18 and those ages 18-64 (see Table 1). Personally, I would not put too muc…
Projecting Poverty Rates in 2020 for the 62 and Older Population: What Changes Can We Expect and Why
Abstract Over the past several decades, there have been a number of economic and demographic changes that are expected to impact the economic well-being of the future aged population. This paper analyzes the factors that may be related to increased or decreased poverty among the 62 to 89-year-old population in 2020 using the Social Security…
