The Boston Globe

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Income for elderly falls short, study finds

Massachusetts seniors face largest gap in US

The study, a joint project of advocacy group Wider Opportunities for Women and University of Massachusetts Boston, compared income and expenses for the elderly in all 50 states and found that income in all cases fell short of basic expenses. The largest gaps occurred in the Northeast, where living costs are among the highest in the nation. Five of the six New England states were represented in the top 10.

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Comments

Howe to respond to this? By cutting social security and Medicare to fund wars, tax cuts and corporate welfare of course. The elderly can just eat cat food. It is the American way.

I guess the GOP is winning versus the socialists, union thugs and handout seekers.

How come this story does not mention that the Obama administration has already given the elderly a sample of declining Social Security benefits. The Democrats withheld Social Security cost of living increases in 2010 and 2011. They used some excuse about inflation, but whatever federal bureaucrats thought that one up ignored increased costs for food, fuel and other necessities. Of course this UMass study is correct, but it would be nice if the UMass partner outfit didn't make it seem as if the study applies only to women.

Obama is too blame and it might even get worse. Interest rates at zero so it is hard for seniors to supplement income through safer CD like investments. Obama's tax plan will also go after dividend's, another source of income for seniors. Guess he doesn't care about seniors. Maybe the AARP will investigate....An

Please don't tax Donald Trump just to feed our elderly veterans! That would be unamerican!

You have a responsibility during your working years to save for your retirement. If you fail to do so, shame on you.

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I think the cost of housing has the greatest impact across the spectrum. This seems to be most burdensome on single renters, maybe they would be willing to share an apartment, or live in some type of congregate housing. According to the study, the results do not take into account subsidized housing benefits, which are often based on 25 to 30% of income. It would be helpful to know the impact of subsidized housing benefits to those with lower incomes. I volunteer with people with low incomes from SS and SSI who manage to do OK because of their subsidies.