Research: Disregarding Medical Expenses, Half as Many Elderly Mainers Would be Poor

73 views Leave a comment

Traditional misery dimensions masks a purpose rising medical costs play in pulling seniors into poverty, according to new investigate comparing Maine seniors to those opposite a republic from a Carsey School of Public Policy during a University of New Hampshire. The newer Supplemental Poverty Measure (SPM), that accounts for these costs, reveals that some-more than one in 10 Maine seniors were vital next a misery line between 2009 and 2013 (2.3 percent aloft than central estimates).

The new investigate found that medical losses comment for about half of aged misery in Maine and a third of aged misery nationwide. Without medical losses misery among Maine seniors would be cut in half. In addition, while misery among seniors has declined severely given a appearance of Social Security, about half of Maine seniors (51 percent) would be bad but a benefits.

“Maine seniors, like their counterparts opposite a U.S., face larger mercantile disadvantage than indicated by a nation’s central misery statistics,” a researchers said. “In further to demonstrating a vicious significance of Social Security for seniors, this investigate highlights a need for larger advocacy and process to support seniors and a larger investment in programs to support aging adults.”

The investigate was conducted by Andrew Schaefer, a exposed families investigate associate during a Carsey School and doctoral claimant in sociology, and Beth Mattingly, executive of investigate on exposed families during a Carsey School and a investigate partner highbrow of sociology. The information for their investigate come from a 1970-2014 Annual Social and Economic Supplements (ASEC) of a Current Population Survey. Data for SPM analyses are from a pooled representation of 2010-14 (ASEC) data.
Read a full report:

Source: University of New Hampshire