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Publication Date: February 2008
Publisher: Insight Center for Community Economic Development; Insight Center for Community Economic Development
Author(s):
Research Area: Economics; Population and demographics
Keywords: living standard; elders; economic security; california
Type: Brief
Coverage: California
Abstract:
How much income is needed by our growing population of older adults to cover todays rising costs of living? What is the true impact of public support programs, such as Medi Cal, utility assistance, or housing assistance, on an elders income, housing needs and health care needs? In order to answer these questions, policymakers, advocates, social service providers and elders require an accurate measure of income security for elders. The Elder Economic Security Initiative (EESI), a multi-year, data-driven initiative raising awareness of and shaping policy on elders economic needs, offers such a benchmark: the Elder Economic Security Standard Index (Elder Index). The Elder Index measures what older adults require to make ends meet and remain in their own homes.