There are two conflicting stories about the economic status of elderly people in the United States. The first focuses on the great economic gains of the elderly in the last few decades and the other story is of increasing elderly economic insecurity and deprivation. As the proportion of elderly in the U.S. population grows, elderly economic issues are increasingly critical. This requires policy makers and groups that represent the interests of the elderly to understand and address elderly economic insecurity and vulnerability to deprivation. This report contributes to a broader understanding of elderly poverty and—with hope—better policy responses by examining the extent of elderly poverty using different poverty measures.
Author: Mary Borrowman