About 15 percent of Americans age 65 and over are poor, according to the federal government’s alternative definition of poverty, known as the Supplemental Poverty Measure, a yardstick that takes into account seniors’ out-of-pocket medical expenses, as well as income and tax effects not included in the standard measure of poverty.
A compelling new video profiles poor older Americans who live in Baltimore, rural West Virginia, and Los Angeles. In the video, produced by the Kaiser Family Foundation, a non-profit research and policy organization focused on health care, the seniors identify rising rents and medical expenses as major explanations of financial hardship, which can mean lacking enough money for food.
Squared Away also has interviewed seniors living in a Boston housing complex for low-income seniors. To hear their stories, click here. Learn More
A new game on the Web – Spent – is a compelling way to experience the impossible choices the poor must make every day about money.
Spent was created by Urban Ministries of Durham in North Carolina, which operates a food pantry, clothing closet, and homeless shelter; and a local advertising firm, McKinney. The game gets its point across so well because McKinney interviewed the ministry’s clients and translated their real-world predicaments.
The challenge: players must get to the end of the month without depleting their small paychecks on routine bills and unexpected expenses. So, your child is invited to a birthday party, but you cannot afford the $5 gift. Do you send your child to the party without a gift, make her stay home, or buy the gift anyway – and risk running out of money? …Learn More