Between 2009 and 2011, 3.1 percent of people over the age of 65 entered poverty, according to a report by the U.S. Census Bureau. It also found that although the elderly were less likely to fall in and out of poverty during this time span, once they fell into poverty they stayed there for the entire three years of the study.

About 36.8 percent of elderly adults in poverty in January and February 2009 were poor in all 36 months compared to 30.7 percent for children and 22.7 percent for working-age adults.

Living below the poverty line differs depending on whether a person is single or has a large family. In 2013, the federal poverty line for a family of four was $23,550. For a couple, that figure was $15,510.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.