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Measuring Poverty: Social Security and SSI Help, But…
The U.S. Census Bureau’s Supplemental Poverty Measure (SPM), the yardstick that extends the official poverty measure by taking account of many of the government programs designed to assist low income families and individuals that are not included in the official poverty measure, tells us that there were 7.1 million adults ages 65 and older living in poverty in 2016 (14.5%), compared to 4.6 million (9.3%) under the official poverty measure. A recent post by the Kaiser Family Foundation takes a look at what this measurement means. Read the key findings and full KFF report here…
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