San Francisco Chronicle/Carolyn Jones, 3/25/14. "California seniors have highest poverty rate, study finds."
| Affordable home for grannie |
.... " Poverty rising again. Senior poverty levels declined for decades in the 20th century due to Social Security and other safety-net programs, but started to rise again after the 2008 economic collapse, when millions of older people lost their jobs or homes, saw their savings evaporate or pensions slashed. In the Bay Area, especially, the soaring cost of living hits seniors especially hard because their incomes are fixed. Longer life spans also play a role. Some people simply outlive their savings, and spend more years enduring costly and debilitating medical care.
.... The situation is particularly dire in California, due to the high cost of health care and housing. About 20 percent of California seniors - compared to 15 percent nationally - live below the poverty threshold when taking health care expenses into account, according to the Kaiser foundation study. Stross, for example, receives less than half the amount required for seniors to cover basic expenses in Alameda County, according to the Elder Economic Security Index, which looks at rent, food, transportation, health care and miscellaneous expenses. He and his wife receive Social Security and small pensions, totaling $1,700 a month, but their rent is nearly $1,000 a month and they spend well over $1,000 annually on medications.
.... San Francisco, Marin and San Mateo counties are among the most expensive places in the country for seniors, requiring almost $30,000 a year, assuming a monthly rent for a 1-bedroom apartment of about $1,400." Read article.
Note: photograph from Ferm living shop,"kids tent".
Posted by Kathy Meeh

