Poverty Rate Rises for Older Adults Amid Economic Pressures

Why it matters locally: South Carolina, with its significant population of older adults, may experience these rising poverty rates firsthand as many residents approach retirement age.

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The poverty rate for individuals aged 50 and older has shown a steady increase in recent years, according to a recent AARP survey. This trend contrasts with a general decrease in the overall national poverty rate. The AARP survey examined the economic conditions impacting adults in this age group. It identified various financial challenges confronting individuals as they approach their retirement years.