1. Older adults with less wealth die nine years earlier than affluent peers. 2. Seniors in poverty increased to 9.9% in 2024, highest among age groups. 3. 45% of older households lack income for basic living costs. 4. Predicted Medicaid cuts may worsen financial instability for seniors. 5. Inequality in financial status and mortality among older Americans is widening.
Increased poverty and inequality among older Americans may reduce overall consumer spending, impacting economic growth. For instance, recession fears have historically pressured SPY as it reflects broader market conditions.
The report highlights demographic changes likely to affect the economy, including lower consumer spending, which influences SPY performance. The increasing wealth gap among seniors may signal broader economic issues.
The systemic issues faced by older Americans can lead to prolonged economic stagnation, affecting overall market performance over time, similar to past recessions triggered by demographic shifts.