Did you know today is the International Day of Older Persons? We don’t want today to go by without pointing out two shocking facts that were highlighted recently by the Organisation for Economic Co-Operation and Development (OECD) in Pensions at a Glance 2009: Retirement-Income Systems in OECD Countries. This report looks at current trends and policy topics in the 30 OECD member countries.
▪ Nearly one in four Americans age 65 and older live in poverty, according to OECD poverty measures.
▪ The United States has the 5th highest poverty rate among major industrialized countries.