Majority of American Senior Citizens Would be in Poverty Without Social Security
The last time we got a report on poverty in the U.S., which was just weeks ago, senior citizens seemed to be doing pretty well. Although the “official poverty” report said 4.2 million seniors lived in poverty, the rate was flat with 2013. Now, the Census Bureau has reported a different look, called the “supplemental poverty rate” and a few million more seniors have dropped below the poverty rate. In the supplemental poverty rate report there are 6.5 million people age 65 and older living in poverty. That’s 2.3 million more than in the official rate released in September....Read More
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