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.
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.