The poverty rate among Americans aged 65 and older rose from 10.7% in 2021 to 14.3% in 2022, with over 17 million seniors living at or below 200% of the federal poverty level. This increase highlights the need for seniors to access government programs like Social Security, SNAP, and housing subsidies, which are crucial in reducing poverty. However, with many eligible seniors not enrolled, approximately $30 billion in potential benefits remains unclaimed annually, emphasizing the importance of guidance in navigating these financial assistance options.
In our commitment to assisting seniors, we created a financial assistance program guide to help them live comfortably during their golden years. It details state and federal government programs that can support older adults to live comfortably. You can view it here.