Here in the greatest country on the face of the earth, where the stock market sits at a record high and the amount of wealth owned by the rich continually sets new records, senior citizens are falling into poverty in record numbers.
The latest census figures, released yesterday, show that 15 percent of seniors now live in poverty. To put it in perspective, before Social Security, the poverty rate for seniors was 35 percent. It reached a low of 10 percent in the 1980s, about the time both major political parties began to adopt Reaganomics, and has been rising ever since.
The USA. Where there's a good chance, an increasing chance, that you'll spend your golden years eating dog food. Congratulations, America.
Poverty in the US is increasing among all groups. AP reporter Hope Yen has done some good reporting on this.