Good news /bad news when it comes to poverty in America. Every day 11,000 Americans blow out the candles on their 65th birthday cake. What used to be a celebration into the so called “golden years”, is increasingly a point of uncertainty. The latest Census Department data suggests that those 65 and up are in the only demographic group seeing a rise in poverty. ABC’s Jim Ryan says more people managed to rise above the poverty line in the latest government estimate, but…
Why the increase? Officials blame the rising cost of goods and services and income levels that have not been able to keep pace, more and more seniors having to raise their grandchildren, and skyrocketing property taxes that have forced people to make some tough decisions when it comes to lifestyle.
