Are 41% Of Retirees Economically Insecure?

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CBS NewsCNBCThe Boston GlobeReuters 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.”

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