2/21/2013 – Two-fifths of elderly spend more than they earn, study finds (LA Times)

Two-fifths of the elderly spend more than they earn, often forcing them to dip into savings to pay bills, according to a new study.

Among those 65 and older, 40% shell out more on housing, medical care and other costs than they take in from Social Security, pensions and other sources, according to the Employee Benefit Research Institute.

Read the full article at Los Angeles Times.

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