THE COASTAL PACKET: 40% of Maine seniors financiallly insecure

Sunday, May 26

40% of Maine seniors financiallly insecure

Portland Press Herald -40 percent of all Maine seniors who live independently are financially insecure, according to a national index. They cannot afford basic expenses – food, housing, transportation, health care or even cleaning supplies – without relying on benefit programs, loans or gifts.

More than half of single Mainers age 65 and older, and about a third of two-senior households, are considered financially insecure.

Maine ranks 7th in the nation for the rate of two-senior households that struggle to afford basic expenses, and 11th in the nation for the rate of single seniors who are considered economically insecure.

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