"New York is witnessing an unprecedented increase in seniors over 65 without retirement income, forcing many to work into their later years to survive."
"The report highlights that nearly one-fifth of those 65 and older are ineligible for Social Security, signaling a concerning trend for the city's older immigrants."
"With older adult New Yorkers now comprising 16% of the city's population, many are facing poverty, especially among Hispanic and Asian residents within the Bronx."
"Michelle Bethea poignantly explains the struggles of seniors: 'You work all your life and you can't even eat, you can't buy clothes, you can't buy toiletries.'"
New York City has seen a significant rise in the population of seniors aged 65 and over, with a notable portion lacking any retirement income. Nearly 19% of these individuals are ineligible for Social Security, and almost 60% of those over 70 report no retirement funds, particularly in the Bronx and Brooklyn. This trend coincides with looming federal budget cuts to programs aiding low-income residents. The poverty rate among seniors is climbing rapidly, notably impacting older Hispanic and Asian residents. The situation highlights a hidden crisis among senior citizens in the city, exacerbating struggles for many who have worked their entire lives.
Read at Gothamist
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