RETIREMENT INCOME AND SECURITY

The Impact of COVID-19 on Older Adults

It became evident early in the coronavirus pandemic that older age is a risk factor for becoming severely ill with COVID-19. But the virus’s impact on older adults goes beyond a higher risk for serious infection: it also includes limited access to care for all health conditions, as well as considerable social and economic hardships. Drawing on findings from a survey of more than 18,000 adults age 65 and older in 11 high-income countries, we show how COVID-19 has affected the economic security of older adults as well as their access to health care and supportive services for chronic conditions. We also highlight the state of vaccination for older adults during the first quarter of 2021.
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Minority Women and Retirement Income: Your Future Paycheck

Retirement planning is important for everyone, but it’s especially important for minority women. Despite the overall decline in poverty rates among older Americans during the last several decades, many older women remain poor. In 2018, the poverty threshold for an individual age 65 and older living alone was 12,043. More than 11% of women age 65 and older fell below that threshold, in contrast to 8.1% of men the same age.
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