Friday, May 02, 2008
New Measure of Income Adequacy Reveals Seniors Ill-Prepared to Retire with Dignity
According to recent data, Social Security is the only source of income for one out five retired elders and one out of three seniors rely on Social Security to provide over 90% of their income. In addition, it is the only source of income for one out of nine retired elder couples. Nevertheless, the reality is that Social Security will provide only 63% of the income required to achieve economic security for a senior who rents rather than owns his or her own home. Over time, without proper supports, this senior would fall deeper and deeper into debt and/or end up living in poverty.
New Measure of Income Adequacy Reveals Seniors Ill-Prepared to Retire with Dignity
Source: NCOA.org
New Measure of Income Adequacy Reveals Seniors Ill-Prepared to Retire with Dignity
Source: NCOA.org
Permalink posted by armandn @ 6:47 AM 
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