By Jennie L. Phipps · Bankrate.com
posted Thursday, January 15, 2015
- Being old and poor in the U.S. isn’t easy — or uncommon.
In 2010, about 26 percent of people 65 and older had individual incomes that were between the federal poverty level — $10,458 — and 200 percent of the poverty level — $20,916. Another 9 percent had incomes below the federal poverty level, according to the U.S. Census Bureau.
That adds up to more than a third of people 65 and older living on less money than it takes to enjoy a secure retirement. Continue reading