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GAO Report Highlights Life Spam Impacts on Low Income Seniors
A recent research report issued by the Government Accounting Office (GAO) takes an in-depth look at rising life expectancy and the corresponding impact on various income groups, The report found that “(l)ife expectancy varies substantially across different groups with significant effects on retirement resources, especially for those with low incomes,” and goes on to analyze these disparities with “hypothetical scenarios to calculate the projected amount of lifetime Social Security retirement benefits received, on average, for men with different income levels born in the same year.” Read the full study report here…