Transcript title

The Elder Economic Security Standard
Index for Massachusetts, 2013
Expenses
(Monthly and Yearly
Totals)
Elder Person (age 65+)
Elder Couple (both age 65+)
Owner w/o Renter, one
Owner
Owner w/o Renter, one
Owner
Mortgage
bedroom w/Mortgage Mortgage
bedroom w/Mortgage
Housing
$687
$1,033
$1,641
$687
$1,033
$1,641
Food
$252
$252
$252
$462
$462
$462
Transportation
$260
$260
$260
$402
$402
$402
Health Care
(Good Health)
$467
$467
$467
$934
$934
$934
Miscellaneous
$333
$333
$333
$497
$497
$497
Index Per Month
$1,999
$2,345
$2,953
$2,982
$3,328
$3,936
Index Per Year
$23,988
$28,140
$35,436
$35,784
$39,936
$47,232
Cost of living varies by county, but
housing represents the largest cost
Elder Index Value Per Month, 2013
$3,000
$2,500
$2,000
Miscellaneous
$1,500
Transportation
Food
$1,000
Health care
Housing
$500
$0
Percent of Massachusetts Single Seniors
with incomes below the Elder Index value
80%
74%
69%
70%
60%
54%
67%
56%
50%
40%
30%
20%
10%
0%
Seniors age 65- Seniors age 75- Seniors age 85+
74
84
Men age 65+
Women age 65+