WealthOne concern of the aging population relates to the finances of older individuals. Previously, seniors were one of the largest populations in poverty. This issue was addressed through Old Age, Survivors, and Disability Insurance (commonly referred to as Social Security), which
helped to decrease poverty rates in older populations. Additionally, seniors that are eligible for Medicaid, Medicare, and Medicare
Part However,
seniors are still at risk of financial insecurity. Based on the readings of the articles below address the following questions:
1. What is socioeconomic status (SES)?
2. How does SES impact the older populations?
3. Complete a general GOOGLE search (Include the link) Do not use WIKIPEDIA:a. Define povertyb. How many senior citizens (65 and older)
are in poverty?
4. What factors contribute to older individuals inability to afford food?
5. How can you use this information to assist in your preparation of aging and financial security?
a. What are some changes that you can make today to prepare financially for retirement?List at least three (3)
1. For example, do you have a savings account?
6. What policy changes would you recommend to economically help senior citizens?a. Policies can be related to Supplemental Nutrition Assistance Program (SNAP) also known as food stamps, Medicaid, Old Age, Survivors, and Disability Insurance (Social Security), retirement programs or you can identify an economic policy impacting the elderly.
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