Seniors Hold Their Own Against Poverty in 2013,
Household Income Jumps
Rate of poverty in U.S. declines for first time since
2006, household income steady
Sept. 26, 2014 – There are a lot of very poor
senior citizens in the U.S. – 4.2 million in poverty says the Census
Bureau – but the latest look at poverty by the bureau finds the rate of
poverty for seniors did not change in 2013 from the 9.5 percent in 2012.
There was even better news for seniors on the
household income side that increased for the first time since 2009. The
median income of households maintained by a person 65 and older
increased by 3.7 percent, from $34,340 to $35,611. Household income held
steady for the nation as a whole.
The national poverty rate was 14.5 percent in 2013, down from 15.0
percent in 2012. This was the first decrease in the poverty rate since
2006. Like for seniors, there was no change for adults under age
65 either. They stayed at 13.6 percent. They really good news was for
children – those under 18 saw a decline in poverty rate from 21.8
percent to 19.9 percent, the first decline since 2000.
The results for the nation were
compiled from information collected in the 2014 Current Population
Survey Annual Social and Economic Supplement.
Seniors will also find it
interesting that 15.6 percent of Americans were covered by Medicare in
2013. There were even more in Medicaid, 17.3 percent.