LESS POVERTY AMONG SENIORS
And it is because of Social Security, Medicare, low income senior housing, food stamps and the Medicare prescription drug program. Not to mention energy assistance, rent rebate, sewer rebate. And they manage to save a little each month and help their adult children who are hurting because of the economy.
Paying into Social Security is taking personal responsibility and to take this away and put it in the hands of corrupt private organizations is abuse and fraud. I trust government to be there for my children before I trust any private organization who is in business for profit.
Dont privatize my childrens Social Security and Medicare and destroy it. When people pay into social security they are taking personal responsibility.
Social Security and Elderly Poverty
Elderly poverty in the U.S. decreased dramatically during the twentieth century. Between 1960 and 1995, the official poverty rate of those aged 65 and above fell from 35 percent to 10 percent, and research has documented similarly steep declines dating back to at least 1939. While poverty was once far more prevalent among the elderly than among other age groups, today's elderly have a poverty rate similar to that of working-age adults and much lower than that of children.
Social Security is often mentioned as a likely contributor to the decline in elderly poverty. Enacted in 1935, the Social Security system experienced rapid benefit growth in the post-WWII era. In fact, there is a striking association between the rise in Social Security expenditures per capita and the decline in elderly poverty, as Figure 1 illustrates (with both series scaled to fit on the same figure).
Social Security and Elderly Poverty
And it is because of Social Security, Medicare, low income senior housing, food stamps and the Medicare prescription drug program. Not to mention energy assistance, rent rebate, sewer rebate. And they manage to save a little each month and help their adult children who are hurting because of the economy.
Paying into Social Security is taking personal responsibility and to take this away and put it in the hands of corrupt private organizations is abuse and fraud. I trust government to be there for my children before I trust any private organization who is in business for profit.
Dont privatize my childrens Social Security and Medicare and destroy it. When people pay into social security they are taking personal responsibility.
Social Security and Elderly Poverty
Elderly poverty in the U.S. decreased dramatically during the twentieth century. Between 1960 and 1995, the official poverty rate of those aged 65 and above fell from 35 percent to 10 percent, and research has documented similarly steep declines dating back to at least 1939. While poverty was once far more prevalent among the elderly than among other age groups, today's elderly have a poverty rate similar to that of working-age adults and much lower than that of children.
Social Security is often mentioned as a likely contributor to the decline in elderly poverty. Enacted in 1935, the Social Security system experienced rapid benefit growth in the post-WWII era. In fact, there is a striking association between the rise in Social Security expenditures per capita and the decline in elderly poverty, as Figure 1 illustrates (with both series scaled to fit on the same figure).
Social Security and Elderly Poverty