Almost 7 In 10 Senior Households Lack Sufficient Resources For Long-Term Economic Security

 

Almost 7 In 10 Senior Households Lack Sufficient Resources For Long-Term Economic Security

A new report, LIVING LONGER ON LESS IN MASSACHUSETTS: The New Economic (In)Security of Seniors, issued by the Institute on Assets and Social Policy (IASP) at Brandeis University finds that Massachusetts seniors face widespread financial insecurity. Almost 7 in 10 senior households in Massachusetts lack sufficient resources for long-term economic security, according to the study. Economic risk is especially pronounced for single senior households - with 82 percent among them facing financial insecurity….