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View Diary: US already has high elder poverty rate, so why are Social Security cuts even on the table? (223 comments)

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  •  Reread what I said about the Supplemental Poverty (1+ / 0-)
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    Measure. The biggest impact of things it considers, like out of pocket medical expenses, falls on those over 65. So much so that while the country's SPM only goes up 1.2 percentage points, for seniors it goes up by 7.2 percentage points (8.9 to 16.1). This implies that the younger groups see even less than a 1.2 percentage point increase, so seniors leapfrog those 19-64 by a substantial amount. Our child poverty rate, of course, remains scandalous.

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