When President John F. Kennedy designated May as Senior Citizens Month nearly 55 years ago, he did so out of concern for an increasingly vulnerable segment of the U.S. population.
In 1963, 17 million Americans were age 65 or older. Today, that number has nearly tripled. By 2060, there will be 98 million senior citizens in this country.
You probably know that the aging Baby Boomer generation is contributing to the bump in those 65-and-older numbers. But did you know that more than half of today’s seniors are considered “economically insecure,” living at or below 250 percent of the federal poverty level? Or that 70 percent of seniors rely on their Social Security checks to provide at least 50 percent of their monthly income?
According to a United Nations Population Fund study conducted in 2013, the U.S. ranked 36th in the world, behind nearly every other developed nation, for “income security” among those 65 and older. We also ranked 24th for “health of the elderly.”
With income inequality comes hunger and isolation. According to Feeding America, a national network of food banks, one out of every 11 seniors age 65 and older in the U.S. suffers from hunger. Not only is this number at a record high, the group reports, but it is expected to double within 10 years.