Financial Support for the Older Population
Grace Randolph
HCS/548
July 27, 2015
Professor Jason A. Rachel Ph.D.
Financial Support for the Older Population
Sources of Income
Primary source of income in older population, in US means income received. Among older people below 50 percent account for 80 percent total income accounted for 22 percent total money to older people who have an income such as 400+ percent poverty level. Private pensions are another subject of importance of income to the elderly, 18 percent of income in the 90’s. Now with elderly men, private pensions with 24% of income could be why women only have 12 percent income. In the late 90’s, elderly whites have higher averages than, blacks, Asians, Hispanics when it comes to major source of income such as Social Security. Then would come pensions and earnings.
Policymakers would like some changes on the insurance ends of Social Security and include Medicare to economic confronting the elderly with millions of elderly seniors with basically high incomes and hardly any incomes to cover the quality of life for elderly and definitely not enough for the poor elderly and making them go homeless. At the US Census Bureau you might find SPM (Supplemental Poverty Measure) that is dealing with the health of elderly along with the health for the elderly according to age, gender, race, and ethnicity. With evidence we see in the WOW (Wider Opportunities for Women) can show evidence that we can see most elderly men and women have some types of insecurity; that need to be shown to most elderly how you can be wanted/needed to certain event programs. Estimate how to increase cost-sharing Medicare beneficiaries but also you can reduce Social Security benefits that might impact some for the elderly to see a change. We can view the older elderly ages 80 and older in an economic vulnerability women are proven to be noted to collapse under the poverty line than most men. Elderly blacks,...