Here’s Why Seniors Are Better Off Than Most Americans

The “lost decade,” that’s what they call the last ten years for the American middle class. They have seen economic depression and the rise of unemployment. The middle class has also shrunk in the past few years and they have a lot less now than before. Altogether it’s a really bad time for them.

That’s how the picture is being painted by a report from the Pew Research Center. Their report states how the average middle class income has fallen by almost 5% in the past years. With news like that, you would almost wish that we have not switched decades.

Here is a part of the article written by Philip Moeller for U.S. News, “Within these worrisome overall trends, however, the economic fortunes of older Americans stand in contrast. If you are over age 65 and, at least financially, if you have been widowed, the Pew study of U.S. Census data concluded, you are likely to have come out ahead, both in the past decade and over the past 40 years.”

From 1971 to 2011, the percentage of middle-income Americans who are 65 and older rose from 9 to 16 percent; among those ages 45 to 64, it rose from 31 to 34 percent.”

That’s very cheerful news from a rather gloomy report. If you want to read the full article you can visit this page.

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