Inflation and the long-term impacts of the Wuhan coronavirus (COVID-19) pandemic have been straining, if not emptying, the purses of Americans. But an analysis found that elderly Americans were more susceptible to their budgets falling short. According to the University of Massachusetts Boston‘s (UMB) Elder Index, 54 percent of older women living alone are in […]
The Elder Index, developed by researchers at the University of Massachusetts-Boston, shows that nearly 5 million older women living alone, 2 million older men living alone, and more than 2 million older couples have incomes that make them economically insecure.
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Over 50 per cent of older American women living alone are classed as poor under federal poverty standards, according to the University of Massachusetts-Boston s Elder Index.