A recent study has revealed a significant rise in poverty among seniors on Long Island, with Nassau County seeing a 78% increase from 2012 to 2022, affecting 14,600 elderly residents. Suffolk County reports a 48% increase, affecting 15,692 seniors. Overall, nearly half of the seniors in both counties lack retirement savings, leading to financial insecurity in accessing basic needs like housing and food. Experts urge immediate action from state leaders to tackle the affordability crisis facing this vulnerable demographic.
Many of these older New Yorkers are financially insecure and struggling to make ends meet.
We're going to see thousands more older adults fall into poverty unless state leaders act now to address affordability challenges facing so many older adults.
It's very jarring to see these numbers and seeing the increase of the cost of food, it literally puts the population between a rock and a hard place.
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