Poverty among seniors….

Thanks to Lobbyist Bob Z. for these statistics on the plight of our seniors.

Thanks to Bob Weiss of Daily Briefing for making us aware:

The days of enjoying a monthly retirement pension check are long gone. Unless you have a government job, you are unlikely to receive a traditional retirement pension.

They’ve been replaced by 401(k)s and profit-sharing plans, which means that YOU have to take personal responsibility for your financial well-being.

I am sad to say that the early results show many Americans are doing a lousy job of it! The median retiree household has a mere $60,600 in savings, and a disturbing 25% of households only have $3,260 of savings.

Get this: The rate of people 65 and older filing for bankruptcy is three times what it was in 1991. Seniors now account for the largest share of bankruptcy filings in the U.S.Sadly, that lack of a financial cushion is pushing a growing number of retirees to the brink of poverty.

• There were 3.6 bankruptcy filers per 1,000 people 65 to 74; in 1991, there were 1.2 per thousand.

• 2% of filers are now 65 or older, up from 2.1% in 1991.

Many Americans (three out of five) cited large medical expenses, while three-quarters cited too large of a debt load, for their financial woes.



Categories: Uncategorized

22 replies

  1. 915893 532252More than and more than once more I consider these concern. As a matter of fact it was not even yesterday that I last thought about it. To be honest, what is your thought though? 808266

  2. Hello there, I found your web site via Google while searching for a related topic, your website came up, it looks great. I’ve bookmarked it in my google bookmarks.

  3. I simply could not go away your site prior to suggesting that I actually enjoyed the usual information an individual supply to your guests? Is going to be again regularly in order to inspect new posts.

  4. Hey there are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you need any html coding expertise to make your own blog? Any help would be really appreciated!

  5. Great post. I am facing a couple of these problems.

  6. Wow cuz this is great work! Congrats and keep it up!

  7. It’s nnot my first time to go to see tgis web page,
    i am visiting this web site very often and take good factgs ffom here.

  8. Wow, amazinng blog layout! How long hqve yoou been blogging for?
    you mae blogging look easy. The overall llok of your
    web site is excellent,as well as the content.

  9. Hello! I wish to say that this post is awesome, great written and come with approximately alll
    important infos. I’d like to look extra posts like this!
    🙂

  10. We’re a gaggle of volunteers and opening a new scheme in our community. Your web site provided us with valuable info to paintings on. You have done an impressive task and our whole group will be grateful to you.

  11. Grat delivery. Great arguments. Keep up tthe amazing spirit.

  12. Howdy! I simply wish to give a huge thumbs up for the nice info you might have right here on this post. I can be coming back to your weblog for more soon.

  13. Hey! Thiss is my first comment here so I just wanted to give a
    quick shout out and say I truly enjoy reading through your
    articles. Appreciate it!

  14. Hello, I enjoy reading alll of your article. I like to write
    a little comment to support you.

  15. Fabulous, what a web site it is! This web site provides useful data to us,
    keep it up.

  16. Hello there! Would yyou mind if I share your blog with my
    twitter group? There’s a lot of people thhat I think would really appreciate your content.Please
    lett me know. Thanks!

  17. I do not even know how I ended up here, but I thought this post was
    great. I don’t know who you are but certainly you are
    going to a faqmous blogger if you are not already
    🙂 Cheers!

  18. Great post! We will bee linking to this great post on our website.

    Keep up the great writing.

  19. Hello There. I found your blog using google. This is an extremely well
    written article. I’ll make suree to bookmark it and return to read more of your useful
    information. Thanks for the post. I’ll certainly return.

  20. 643813 954896You produced some decent points there. I looked on the internet for that dilemma and located a lot of people will go in addition to with the internet website. 344452

Leave a Reply

Discover more from Lobbyists for Citizens

Subscribe now to keep reading and get access to the full archive.

Continue reading