Economic status of the elderly population
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Economic status of the elderly population by Brian Cashell

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Published by Library of Congress, Congressional Research Service in Washington, D.C .
Written in English

Subjects:

  • Older people -- United States -- Economic conditions,
  • Older people -- United States -- Economic conditions -- Statistics

Book details:

Edition Notes

Statementby Brian W. Cashell
GenreStatistics
SeriesCRS report for Congress -- no. 87-101E, Report (Library of Congress. Congressional Research Service) -- no. 87-101 E, Major studies and issue briefs of the Congressional Research Service -- 1987-88, reel 14, fr. 00983
ContributionsLibrary of Congress. Congressional Research Service
The Physical Object
FormatMicroform
Pagination11 p.
Number of Pages11
ID Numbers
Open LibraryOL15456656M

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The economic status of the elderly improved greatly since the s. This is true in terms of poverty rates, real cash income and broader income measures that include in-kind benefits. Yet, many. Economic Status of the Elderly in the United States. by: Virginia P. Reno and Benjamin Veghte. September Abstract: American elders saw sharp gains in their incomes and declines in poverty during the s and 70s and have had smaller gains since. Updated poverty measures show that seniors are as likely as children to be poor.   STUDY OBJECTIVE To identify which of seven indicators of socioeconomic status used singly or combined with one other would be most useful in studies of health inequalities in the older population. DESIGN Secondary analysis of socioeconomic and health data in a two wave survey. SETTING Great Britain. Participants were interviewed at home by a trained interviewer. Cited by: •In , 61% of persons age 65 years and older received at least half of their income from Social Security (Social Security Administration, ). •By , it is projected that 25% of older persons will be from ethnic minority groups. Up to % of older African Americans and % of older Hispanics .

  The 1 st of October is the United Nation’s official International Day for Older Persons. According to the UN’s medium population projections, the number of people aged over 65 could rise from just over million today to close to billion by Indeed in the next 20 years, the older population is expected to almost double in size. share of elderly in the population will create economic and fiscal stresses beginning in the second decade of the 21st century. These demographic developments, if not offset by changes in household behavior and government fiscal policy, will reduce the number of workers in rela-tion to the population needing support and lower the national. With a large population, second only to China, India has to give serious attention to the issues relating to the aged population. The size of the elderly population in India increased from Get this from a library! The Economic Status of the Elderly. [John B Shoven; Michael D Hurd; National Bureau of Economic Research.;] -- In the first part of the paper using official data sources, we estimate the real income of the elderly and of the rest of the population during the s. We find that income per household of the.

The elderly dependency rate is defined as the ratio between the elderly population and the working age ( years) population. The comparability of elderly population data is affected by differences, both within and across countries, in how regions and the geography of rural .   The elderly (persons aged 65 or older) are financially better off than ever before. Overall, poverty rates for the elderly have fallen since , median real income has risen, and median income relative to that of the working-age population has been relatively stable.   On one hand, older populations demand more fiscal resources for social services, such as health, long-term care, and pensions. On the other, population aging produces shifts in the proportion of the population that is working age, which may affect long-term economic growth. The economic prospects of the elderly during the next few decades are good because of the large work force from the baby-boom cohort. In the distant future a large fraction of the population will be elderly, which will probably lead to a deterioration in their economic status.