Decrease in number of Seniors Living Below Poverty Level
According to a recent report, Older Americans 2012: Key Indicators of Well-Being, cited by NPR, the number of seniors living below the poverty level has decreased from 35% in 1959 to 9% in 2010.
In 2010, senior women (11%) are more likely to live in poverty than senior men (7%). Black, Hispanic and Asian senior men (14%) are more likely to live in poverty than White senior men (5%). Black and Hispanic senior women (21%) are more likely to live in poverty than Asian senior women (15%) and White senior women (8%).
In 1959, seniors had the highest rate of poverty (35%) followed by children (27%). In 2010, senior poverty levels had decreased to 9%, children poverty levels had decreased to 22%.