“Increasingly, millions of older Americans cannot keep up with even basic living expenses, according to new research.
Seniors in the Northeast and Southeast are the hardest hit, but in none of the 50 states do median incomes rise enough to meet the Elder Index, a comprehensive measure of what it takes to finance basic living costs, reports Washington, D.C. think tank Wider Opportunities for Women.
With a median income gap of $10,248, seniors in Massachusetts are more likely to face economic insecurity than in any other state, followed by seniors in D.C., New York, Hawaii, Connecticut and New Jersey….”
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