Elderly poverty

Elderly poverty refers to the situation where older adults lack sufficient income or resources to meet their basic needs, such as housing, food, healthcare, and daily essentials. This can result from factors like insufficient retirement savings, limited employment opportunities before retirement, or inadequate social support systems. As a consequence, many seniors may face financial insecurity, which can impact their health, well-being, and independence. Addressing elderly poverty involves improving social safety nets, ensuring fair retirement benefits, and promoting policies that support financial stability for aging populations.