Older Americans Face Greatest Economic Insecurity in Northeast

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SENIORS LIVING IN Northeastern states are among the most likely to lack sufficient financial resources to cover their day-to-day needs, according to a new report. Half of America’s senior population that lives alone – and nearly a quarter of those living in two-person households – struggle to make ends meet.

The study, conducted by researchers from the University of Massachusetts—Boston’s Center for Social and Demographic Research on Aging, suggests Vermont, New York and Massachusetts have the largest percentages of seniors at least 65 years of age who don’t have enough income to cover their basic needs – defined by their ability to cover necessary expenses such as housing, food, transportation and health care without government support programs, loans or gifts.

Full story at US News

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