Wednesday, October 08, 2025

For Older Americans, The Cost of Poverty is Nine Years

Low-income people over 60 years old die an average of nine years earlier than high-income older Americans. Middle-income older Americans are also dying younger than wealthier people. About 15% of seniors with annual household incomes of roughly $60,000 died during the four-year study period, compared with about 11% in households with incomes of around $120,000. As the US population ages, many seniors reach retirement age without the money to handle shocks like a health emergency or the loss of a spouse. The difference in average mortality age by income could be due to a lack of preventative care for low-income seniors, an inability to pay for care as they age, or the stress of financial instability. The poverty rate among US seniors rose to 15% last year from 14% in 2023, the highest among all age groups. About 80% of people over 60 have few, or even zero, financial assets and would struggle to cope with a financial shock like the loss of a spouse or needing long-term care.

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Comments

This elderly woman (70) from LA was surviving on $1,800 per month social security benefits. She died looking for an affordable place to live after receiving an eviction notice (after living there for 23 years). Her poor cat was left with no one. lapublicpress.org

#1 | Posted by C0RI0LANUS at 2025-10-08 10:10 AM

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