Retirement is often associated with carefree, relaxed living. Unfortunately, this is not the case for everyone — especially low-income seniors. To illustrate, debt in elderly households rose from 38% in 1989 to 61% in 2016. Older adults in the United States now have more debt than ever, and when this carries over into retirement, it can drastically affect your quality of life.
Thankfully, there are many benefits available for low-income seniors. These range from healthcare, to jobs, food, and housing. The following programs and organizations offer benefits:
Medicare is the federal program for seniors who need assistance in paying for medical bills, hospitalizations, doctors’ visits, nursing care, medicines, and more.
The Senior Community Service Program (SCSEP) is great for seniors who want to enter the workforce again, as it offers work at community or government agencies. You need to be over 55, and you will receive minimum wage.
The Supplemental Nutrition Assistance Program (SNAP) gives low-income senior citizens stipends on a monthly basis, to help them pay for their groceries.
The Housing Choice Vouchers Program can help those who are struggling to pay rent by giving subsidies to low-income families.
These are just some of the many benefits available for low-income seniors in the United States. Check out some of Senior Strong’s previous articles to learn more about this topic!