Six years after the economic crisis took place, we are witnessing the first time when the poverty level decreased. The Census Bureau released a report on income and poverty in the U.S. in 2013. According to the bureau, the poverty level decreased by 0.5 percent, reaching 14.5 percent, compared to 15 percent in 2012. The news comes more as a message of stagnation, rather than increase in welfare, … [Read more...]
US elderly population expected to double by 2050
The U.S. Census Bureau report has predicted that the population of elderly members in America is likely to increase to a whopping 84 million by 2050. The report says the rapidly aging population is leading to the rise in population of elderly members in the coming decades. Those who were born between 1946 and 1964 will be the face of seniors in the coming years. According to a U.S. Census … [Read more...]