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Aging in New York: City Wrestles with Poverty Among Seniors
(By - Suzanne Travers)
“Inadequate income continues to be a critical problem facing the elderly in New York City.” – NYC Department for the Aging Annual Plan Summary, September 2014.
Roma Lowther began planning for retirement in 1974, the year she immigrated from Granada and took her first job in New York. As a nanny, she asked the families she worked for to pay her on the books so her earnings would count toward her future Social Security. Most did not, so she took temp jobs doing telex in the garment center to beef up her Social Security credits. She tried the stock market and bought certificates of deposit at her local Chemical Bank. She says she “never, never” got paid without putting some of the money aside for her children’s education and her own old age. Read more…
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