Low-Income Assistance

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Despite a sharp decline in the poverty rate for Americans age 65 and older since 1959—when one-third of older adults lived in poverty—a large number of older people are poor. In 2017, about 4.2 million people age 65 and older (about 9 percent) had an annual income below the Census Bureau’s poverty threshold. That same year, almost 15 million people age 65 and older (about 30 percent), had an annual income below 200 percent of the poverty threshold. In fact, although older adults are less likely than younger people to live in poverty, they are more likely than people age 18-64 to have an income below 200 percent of the poverty line. Among people 65 and older, women, people from historically disadvantaged racial and ethnic groups, and people living alone are more likely than others to live in poverty.

Found in Low-Income Assistance