New Brief and Interactive Map Examine Poverty Among Seniors in the
U.S.
A new Kaiser Family
Foundation brief and interactive map provide the latest national and
state-level estimates from the U.S. Census Bureau of the share of people ages
65 and older who are living in poverty. In 2016, 9.3 percent of seniors, or
4.6 million people, lived in poverty, based on the official poverty threshold
of $11,511 in income for an individual age 65 or older. That year 30.4
percent, or 15 million seniors, had income under twice the poverty threshold.
Under an alternative measure of poverty, known as the Supplemental Poverty
Measure, the analysis shows a larger share and number of seniors living below
poverty thresholds. That measure, developed in response to concerns that the
official measure does not accurately reflect people’s financial resources or
liabilities, takes into account out-of-pocket health care costs, regional
variation in housing costs and other factors.
Under the Supplemental
Poverty Measure, 14.5 percent of people ages 65 and older, or 7.1 million,
were living in poverty in 2016—2.5 million more seniors in poverty than under
the official measure. And under this measure, 42.4 percent, or 20.9 million
people, had incomes below twice the poverty level—5.9 million more seniors
than under the official poverty measure.
Filling
the need for trusted information on national health issues, the
Kaiser Family Foundation is a nonprofit organization based in Menlo Park,
California.
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To be a Medicare Agent's source of information on topics affecting the agent and their business, and most importantly, their clientele, is the intention of this site. Sourced from various means rooted in the health insurance industry - insurance carriers, governmental agencies, and industry news agencies, this is aimed as a resource of varying viewpoints to spark critical thought and discussion. We welcome your contributions.
Monday, March 5, 2018
New Brief and Interactive Map Examine Poverty Among Seniors in the U.S.
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