Elderly Poverty: The Challenge Before Us

Source: Center for American Progress, July 30, 2008

Aging Americans, like other age groups, are feeling the effects of the declining real estate and stock markets, as well as soaring fuel and food prices. Seniors’ economic security will only increase in importance as the U.S. population ages. The nation’s health and social services resources will face unprecedented demand as 75 million people in the baby boomer generation reach retirement age–some with eroded savings and retirement accounts

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