Friday, June 7, 2013

Majority of women, blacks and Latino seniors on cusp of poverty

By Ricardo Lopez
4:57 p.m. EDT, June 6, 2013  The Morning Call

A new report on the senior population found a majority of elderly women, blacks and Latinos are precariously close to poverty, according to the nonpartisan Economic Policy Institute report released Thursday.

The report comes as lawmakers are considering making changes to Social Security and Medicare. The proposed changes, the report's authors warn, would make 41 million American seniors economically vulnerable, defined as having an income less than two times the supplemental poverty threshold.

Nearly half of the elderly population is just one economic mishap away from falling into poverty, according to the study. Read More

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