In One Year, Close to 1 Million More U.S. Seniors Living in Poverty
Over the course of just one year, from 2020 to 2021, nearly 1 million more seniors in the United States found themselves living below the poverty line, according to data in a newly released government report.

The U.S. Census Bureau’s annual report found that, as of 2021, more than 10 percent of Americans aged 65 and older — or about 6 million people — were experiencing poverty, as calculated by the Bureau’s Supplemental Poverty Measure (SPM). This represents a statistically significant increase compared with 2020.
Notably, older adults were the only age group to have endured such an increase. Seniors of color were significantly more likely still to be living in poverty than their white counterparts.
Each year, the U.S. Department of Health and Human Services issues federal poverty level income numbers, which are used to calculate a person’s eligibility for certain public benefits. In 2021, the federal poverty level was $12,880 per year for an individual.
Read the Census Bureau’s news release summarizing the report and view a chart depicting the change in percentage of people in poverty by age group and other categories. To download the 2021 poverty report in full, visit the Census Bureau’s website.
More from our blog...
What Does an Executor Actually Do? A Plain-Language Guide for New Jersey Families
Long-Term Care Is Erasing the Inheritance You Expected. Here Is What Families in New Jersey Can Do About It.
Two Families, Two Fortunes, Two Very Different Outcomes: What the Rockefellers and Vanderbilts Teach Us About Estate Planning
What Is a Dynasty Trust and Is It Right for Your Family?
Recent blog posts
Long-Term Care Is Erasing the Inheritance You Expected. Here Is What Families in New Jersey Can Do About It.
Two Families, Two Fortunes, Two Very Different Outcomes: What the Rockefellers and Vanderbilts Teach Us About Estate Planning
What Is a Dynasty Trust and Is It Right for Your Family?
What Should You Check Before Signing a Nursing Home or Assisted Living Admission Agreement?
How Do You Choose an Assisted Living Facility?
Table of Contents
FREE WEBINAR
5 Things to Know About
Estate Planning
When You Turn Sixty-Five



