Join us for the Data and Dish series where we will feature the 2018 data, explore the intersection of ALICE and community issues, including a discussion of how to take the data into action to remove obstacles to financial stability, identify gaps in community resources and build data-driven solutions to help ALICE families achieve economic stability.
Session Topic: Understanding the Senior Survival Budget.
The session will delve into how the Senior Survival Budget more accurately represents household costs for people age 65 and over. Housing and technology remain constant; however, some costs are lower — transportation, food, and health insurance premiums (due to Medicare) — while others are higher, especially out-of-pocket health costs. Because over 90% of seniors have at least one chronic condition, the Senior Survival Budget includes the additional cost of treating the average of the five most common chronic diseases.