The dramatic drop in the number of poor elderly can be attributed to:

Question

Quizplus · Accepted Answer

The dramatic drop in the number of poor elderly can be attributed to all three factors - federal government initiatives, the Supplemental Security Income program, and inflation-indexed increases in Social Security benefits. The federal government initiatives include programs such as Medicare and Medicaid, which provide healthcare benefits to the elderly. The Supplemental Security Income program provides financial assistance to low-income individuals, including the elderly. Inflation-indexed increases in Social Security benefits ensure that the purchasing power of these benefits keeps pace with the rise in the cost of living. Together, these measures have helped reduce the number of elderly living in poverty.

The Dramatic Drop in the Number of Poor Elderly Can