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Seniors Nationwide Struggle To Pay For Basic Needs
A new report based on the Elder Economic Security Standard Index has calculated the economic needs of seniors in every county in the country. The report, from Wider Opportunities for Women, measured the median income of older adults against the amount seniors would need to be able to afford basic living expenses. The results found that Massachusetts is the state most economically insecure for seniors, followed by New York, D.C., Connecticut, and Hawaii. The Northeast and Southeast populated most of the top 20 states where seniors have difficulty affording basic needs. Donna Addkison, president and CEO of WOW, said growing old in America is getting more and more expensive and working hard is no guarantee that you’ll be able to afford basic expenses when you retire. More here and here.