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by Peter O. Steiner (Author), Robert Dorfman (Author)
The economic status of the aged is a pressing issue that has emerged as a side effect of social progress. Advances in medicine, public health, and urbanization have led to an increase in life expectancy, with more individuals living to the age of 65 and beyond. However, this progress has created new challenges, such as the lack of opportunities for older workers in a highly mechanized economy and the difficulties faced by retired individuals in urban settings. These challenges have contributed to a new form of poverty among the elderly, despite overall societal wealth. In 1955, approximately 14 million people were aged 65 or older, marking the rise of a significant social class with unique needs and demands. A national survey conducted in 1952 by the Bureau of the Census sought to gather specific information about the economic status of this group, focusing on factors like income, expenses, and financial resources.
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