Celebrating Medicare: Strengthening the Program for the Next 50 Years

On July 30, 1965, President Lyndon B. Johnson signed the Medicare program into law. Today, we celebrate 50 years of Medicare providing affordable, guaranteed health care to millions of Americans — but we also look toward its future. We must recommit ourselves to keeping this vital lifeline strong for current and future generations. It’s easy to forget what life was like for older Americans before Medicare was enacted. Back in 1965, only about 1 in 4 Americans over age 65 …

Unpaid Student Loans May Impoverish Older Americans

Though a small percentage of older Americans carry student loans, those who do are incurring this debt faster, have a higher default rate and, as a result, can find themselves living in poverty in retirement, according to a new report from the U.S. Government Accountability Office. While older citizens are more burdened by mortgages, auto loans and credit-card debt, student loans among this age group are a growing concern. And unlike young borrowers who have many working years ahead of them to repay, older …

More Than One in 10 Older Adults Are Poor

More than 10 million Americans age 50 and older  – one in 10 – lived in poverty last year, about the same as in 2010, according t0 new Census data released Wednesday. Older adults fared slightly better than working-age people. Here’s how those figures broke down: About 6.5 million people 50 to 64, or 11 percent, remained in poverty last year. Among people 65 and older, 3.6 million were officially considered poor, a rate of about 9 percent. Hiring was weak …