The worst fear of any retiree is running out of money. We all know the stories of little old ladies who eat cat food because they can't afford food.
Did you know the number of people 65 and older who live in poverty has declined significantly in the last fifty years. In 1959, as many as 35 percent of seniors lived in poverty. In 2003, that number dropped to 10 percent.
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4 comments:
yes.
and it scares the CR** out of me as well.
MizFit
That is really great news. I think overall the Baby boomers are better prepared than other generations. But how long social security will last is unknown...
Why is this happening? How sad.
I hope that's true. The thought of any elderly person - or any person at all really - living in poverty is very sad.
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