Seniors, Social Security, and Poverty
Thursday, September 30th, 2010The Center for American Progress addressed the issue of elderly poverty and seniors’ economic security in “The Not-So-Golden Years”:
“Social Security is tremendously effective in helping seniors and their families stay out of poverty. Its benefits kept 14 million elderly Americans out of poverty in 2009. The Center on Budget and Policy Priorities estimated in an analysis of 2008 Census data that the elderly poverty rate would actually exceed 40 percent in most states without Social Security benefits. The majority of people kept out of poverty by Social Security are elderly, but the Census data shows almost a third of those kept out of poverty are under 65 and include more than 1 million children.”
