Document Type
Research Report
Publication Date
1-2009
Abstract
This report addresses income adequacy for Minnesota’s older adults using the national WOW-GI National Elder Economic Security Standard Index (“the Elder Index”) methodology. The Elder Index benchmarks basic costs of living for elder households and illustrates how costs of living vary geographically and are based on the characteristics of elder households, including household size, home ownership or renter status, and health status. The costs are based on market costs for basic needs of elder households and do not assume any public or private supports.
Recommended Citation
Gerontology Institute, University of Massachusetts Boston and Wider Opportunities for Women, "Elder Economic Security Initiative™ Program: The Elder Economic Security Standard™ Index for Minnesota" (2009). Gerontology Institute Publications. 44.
https://scholarworks.umb.edu/gerontologyinstitute_pubs/44
Included in
Elder Law Commons, Family, Life Course, and Society Commons, Gerontology Commons, Public Policy Commons, Social Welfare Commons
Comments
The multi-year national Elder Economic Security Initiative (Initiative) at Wider Opportunities for Women (WOW) offers a conceptual framework and concrete tools to shape public policies and programs to promote the economic well-being of older adults. The Initiative combines coalition building, research, education and advocacy at the community, state and national levels. With support from the Retirement Research Foundation, WOW partnered with five pilot states, California, Pennsylvania, Massachusetts, Illinois and Wisconsin, to launch the national Initiative. Support from The Atlantic Philanthropies will expand the project in up to twenty states, including Minnesota, Connecticut, New Jersey, Michigan, New Mexico, New York, West Virginia, Washington, Colorado, Iowa, North Carolina and South Dakota in an effort that will ultimately result in a national database with information on all 50 states and the District of Columbia.