70 Percent of Latino Seniors Live on Verge of Poverty

Another finding specific to Latinos reported that Latinos make up 7 percent of the elderly population, but 11 percent of the vulnerable elderly.

Elise Gould, who co-authored the report, spoke to the Los Angeles Times about her findings.

“After working hard their entire lives, millions of our elderly are struggling to pay for basic needs like food, medicine and housing, even with Social Security and Medicare,” she said.

According to the report, some of the most troubling areas with regards to this issue are the proposed Medicare changes under House Budget Committee Chairman Paul Ryan and effects of reductions in Social Security benefits. The report warns that these factors could increase out-of pocket medical costs onto the elderly.

How do you feel about these statistics?