The percentage of elderly below the poverty level in 2007 was about one-third of what it was in 1970.

Name: The percentage of elderly below the poverty level in 2007 was about one-third of what it was in 1970.
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According to data from the U.S. Census Bureau, the percentage of elderly living below the poverty level in 1970 was 28.5%, while in 2007 it was 9.7%. This is about one-third of what it was in 1970, making the statement true.

The Percentage of Elderly Below the Poverty Level in 2007