Saturday, June 8, 2013
Obama's America: A new report on the senior population found that a majority of elderly women, blacks and Latinos are precariously close to poverty, according to the nonpartisan Economic Policy Institute
Nearly half of the elderly population is just one economic mishap away from falling into poverty, according to the study. But elderly women, ages 65 and older, are more likely to be vulnerable to economic calamities. Nearly 53% of elderly women are "economically vulnerable," compared to 42% of men of the same age range. Nearly 64% of elderly blacks are economically vulnerable. The rate for elderly Latinos is six percentage points higher at 70%. In comparison, 44% of elderly whites are considered economically vulnerable. The older elderly - people age 80 and older - have a far higher rate of economic vulnerability: 58% compared to those between age 65 and 79, 44%.