Document Type
Fact Sheet
Publication Date
2008
Abstract
conomic security is a key component of overall well-being in later life. In addition to facilitating access to valued activities and amenities, a secure source of income is necessary to obtain good quality health care, safe housing, and to meet other needs associated with daily living. Yet after exiting the labor force, the ability to produce income becomes more limited and the risk for poverty is increased. The term “income" as used here is the sum of wages, interest, dividends, Social Security, pensions, public assistance, and any other cash resource received. It does not include the value of assets such as an owned home or investments.
Recommended Citation
Butt, Abigail and Mutchler, Jan, "Financial Characteristics 2008: Income of Massachusetts Residents Aged 65 & Over" (2008). Gerontology Institute Publications. Paper 87.
http://scholarworks.umb.edu/gerontologyinstitute_pubs/87
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Demography, Population, and Ecology Commons, Economic Policy Commons, Elder Law Commons, Family, Life Course, and Society Commons, Public Policy Commons, Social Policy Commons, Social Welfare Commons