[ad_1]
October 02, 2025
Report: Poverty is Rising, However Just for Seniors
The proportion of older Individuals residing in poverty elevated from 14.2 to fifteen p.c between this 12 months and final 12 months, based on a brand new report from the U.S. Census Bureau.
The uptick is particular to seniors, as each different age group analyzed both had poverty charges that decreased or remained regular. Earlier information reveals that senior poverty has risen each single 12 months since 2020.
Specialists say this proportion will proceed to extend as seniors are hit with elevated inflation and rising well being care prices. The issue may even be compounded by the Administration’s looming cuts to meals help, Medicaid, and different advantages that often present aid.
Analysis demonstrates that rising Social Safety advantages would assist, because it is a essential lifeline for lowering the senior poverty price, lifting greater than 16 million Individuals 65 years and older out of poverty in 2023 alone.
[ad_2]
