The Washington Post

Older Americans faring worst in the recession

Good news today for the 67 and over crowd: Social Security will increase payments to seniors by 3.6 percent to keep up with the rising cost of living, the first such increase since 2009.

Bad news for the age group right underneath: 55 to 64-year-olds have fared worst in the recession than any other demographic.


Adults between 55 and 64 are, essentially, in the worst of both income worlds: both ineligible for many social benefits, like Social Security and Medicare, but also having more trouble finding new employment.

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