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Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

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Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Report: Economic Times Taking a Toll on AZ Seniors

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Tuesday, April 30, 2013   

PHOENIX - Seniors have not escaped the Great Recession unscathed. A recent report from the AARP Public Policy Institute shows those age 65 and older have lower incomes and higher expenses than they did in 2008. Savings and home equity also have taken a hit.

According to AARP Arizona state director David Mitchell, 10 million American seniors have incomes of less than $900 a month.

"Right here in Arizona, about 10 percent of people 50-plus are living in poverty, and if it weren't for Social Security, over 236,000 seniors would fall into poverty," as he described the situation.

Mitchell said unemployment is also a huge problem for those over 65, with 7 million seniors nationwide looking for work. The over-65 jobless rate is now double what it was before the recession.

Seniors are spending more on out-of-pocket health care expenses, Mitchell said. Even with Medicare, it averages $3100 a year.

"And right here in Arizona, those expenses are even higher," he noted. "It's estimated that Medicare beneficiaries in Arizona spend about $3800 on health care."

He said the difference is the result of Arizona seniors using high-cost specialty health care that isn't completely covered by Medicare.

According to Mitchell, the AARP study also found seniors are struggling with rising debt and dwindling savings.

"You know, two-thirds of families with a head-of-household that's 65 and over have an average debt of $40,000. Back in 1989 that would only be $10,000."

The report finds that in three out of five households headed by seniors, there is no money saved for retirement. And half of those who do have savings have less than $60,000 in the bank.

Mitchell remarked that the findings re-emphasize the importance of Medicare and Social Security as social safety net programs.

The report is at bit.ly/oYy3zn.




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