If 40 million Americans were suffering from the same severe problem, you might think it would be the subject of considerable media attention, a host of government programs, infusions of business capital and a hot topic of national conversation.
That is certainly what I thought several years ago when I began researching the reality that nearly half of all people of over 55 — one in seven Americans — had no money saved and risked heading into poverty or certainly into dire conditions that would make their lives desperate for decades to come.
The average Social Security check is a meager $1,543 a month and about 40% of older Americans rely entirely on Social Security for their income.
Author(s): Joe Seldner, Next Avenue
Publication Date: 9 July 2021
Publication Site: Forbes