Art conservator Douglas Martenson applies a patina to a bronze statue of George Washington that stands near the Philadelphia Museum of Art, Wednesday, May 25, 2016, in Philadelphia. (AP Photo/Matt Rourke)

Philadelphia is in the midst of a retirement crisis that can threaten the city’s fiscal and economic health.

The Philadelphia Tribune reported that in a study released by City Controller Alan Butkovitz, only 44 percent of elderly households have any income in addition to Social Security.

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