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Old 03-16-2006, 09:17 AM
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Default Poverty and the Elderly

Does anyone know what the poverty rate among the elderly in the United States was prior to 1936 and, more importantly, prior to the Great Depression? I appreciate all replies. Thank you very much.
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Old 03-16-2006, 11:18 AM
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Sorry for being intrusive, but what is this for? I'll try to see if I can find the stats.
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Old 03-16-2006, 11:21 AM
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Quote:
Originally Posted by viper910";p=&quot View Post
Sorry for being intrusive, but what is this for? I'll try to see if I can find the stats.
I am thinking about Social Security. Don't spend too much time looking for the statistics. Only a few people on the site who have been studying this sort of thing for years are likely to know where to find them. That is why I didn't find them myself.
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Old 03-16-2006, 02:27 PM
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What I really want to know is whether and to what extent Social Security has decreased poverty among the elderly.
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Old 03-17-2006, 05:35 AM
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have not looked, Force, but it is quite possible that no one kept those sort of statistics. Far more of the population was working in agriculture in the first part of the century. The elderly lived on the farm with family. The experience of aging and poverty in an agrarian community is very different from that of today's fractured families. Kids are often not around to look after their elders.
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Old 03-17-2006, 05:56 AM
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Don't know exact numbers- but in details:
old people were dependent on their children. Two side effects:
1) poor families had to choose between parents and children. Old people wound up on the street. We see the same thing in parts of India today.
2) great incentive to have children (in addition to the old need for a small workforce in the agricultural days). Social Security also functions as a noncoercive population control. Nowadays people complain about poor people having kids they can't afford. Back then you couldn't afford not to have kids if you weren't very well-off or very well-liked in the community.
Social Security essentially acts as a way to keep old people off the streets during bad economic times. In good economic times it keeps child-bearing under control (to a small extent) and allows families to spend less on harboring elderly relatives and more on their kids, themselves, and other aspects of the economy.
Despite it's flaws, Social Security has some pretty good effects- most of which are invisible. It's negative effects include a lower savings rate (though I question how much this is an effect of Social Security and how much is an effect of short-sightedness: people tend to begin saving for retirement... late. If you live only on Social Security you WILL be in poverty. It was never meant to keep people at their old wages. It was meant to supplement retirement benefits and savings and keep the very poor off the streets).
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Old 03-17-2006, 06:47 AM
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Default Thank You, Zoe and JavaBlack

I thank Zoe and JavaBlack for the information. As poorly as Social Security was designed, I'll just support raising the retirement age and doing nothing else. By the way, since my thread on the subject never got any replies, what do you think of price controls on medical care and drugs? I need more input on that as well.
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Old 03-17-2006, 07:03 AM
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It's only been tracked since 1959. And seniors are less likely to live in poverty than any group in the U.S.

http://www.npc.umich.edu/poverty/
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