Living Longer on Less: The New Economic (In)Security of Seniors

Source: Jennifer Wheary & Thomas M. Shapiro, Tatjana Meschede, Dēmos, January 28, 2009

Economic security for seniors was built on the three-legged stool of retirement (Social Security, pensions, and savings) at the core of the social contract that rewards a lifetime of productivity. Economic security of seniors, however, is being challenged by two simultaneously occurring trends: a weakening of the three legs of retirement security income and dramatically increasing expenses, such as for healthcare and housing.

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