Sociology Chapter 10-5 Inequality In America’s Elderly Population • Economics for elderly is hard to measure. – Gov’t. determines that the elderly need less $ than younger Americans. – Poverty rate is higher than what’s reported. “Traditionally the poverty rate for people 65 and over is 10%... The National Academy of Science estimates it at 18.7% using a new formula.” Tom Johansmeyer Less Poor Elderly Today The Hidden Poor • Older people living in institutions. • Older people living with relatives. Multiple Factors • Elderly who are part of a racial or ethnic minority have even higher poverty rate. • Elderly women are of the poorest groups. - Single women are even worse off. The Elderly and Politics • Elderly people are the most active voters in the U.S. Political Power? • America’s elderly are too diverse to maintain political power. • Gray Power lacks unity. • May form interest groups: • Groups that attempt to influence politicians. – AARP, Gray Panthers