"Doing Without: Economic Insecurity and Older Americans" (Wider Opportunities for Women) WASHINGTON, D.C.—Findings released today reveal that older Americans in all 50 states and the District of Columbia are struggling to cover their most basic expenses. Based on the Elder Economic Security Standard™ Index (Elder Index), a comprehensive analysis of data that defines the costs associated with the most basic expenses facing adults over 65, Wider Opportunities for Women (WOW) has taken a new look at where seniors may be most economically insecure. To avoid deepening the financial crisis facing a growing numbers of seniors, these findings reinforce the need to maintain a national commitment to Social Security, Medicare, Medicaid and other gap-filling policies and programs, such as nutrition and energy assistance. This is the first in a series of reports, "Doing Without: Economic Insecurity and Older Americans," that WOW will be releasing this spring. "Growing old in America is getting more and more expensive. Even though we may not be able to avoid getting older, we can’t afford it either,” said Donna Addkison, President and CEO of WOW. “Working hard is no guarantee you’ll be able to cover your most basic expenses when you retire."
updated Mar 02, 2012
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