From Bad To Worse: Senior Economic Insecurity On The Rise

Contrary to the popular belief that seniors have ample time and resources for a fulfilling retirement, objective measures show a dramatically different story. In fact, more that one of every three seniors (36 percent) is economically insecure today as measured by the Senior Financial Stability Index (see attached report). Combined with the 40 percent of senior households that are financially vulnerable three-quarters of all senior households find themselves in an economically precarious position with little or no buffer against financial ruin should they be faced with an unexpected illness or other traumatic life event.