Are 41% Of Retirees Economically Insecure?
“CBS News, CNBC, The Boston Globe, Reuters and others have repeated the National Elder Economic Security Index’s claim that 41% of all retirees nationwide are “economically insecure.” According to the Elder Index, a project of several Massachusetts-based gerontology groups, 53% of single retirees nationwide and 27% of retired couples cannot “cover basic needs … including shelter, medical care, food, and transportation.”