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Financial insecurity

UMass Boston joins Boston College’s Center for Retirement Research as affiliate

UMass Boston has begun a five-year partnership with the Center for Retirement Research at Boston College (CRR) as an affiliated research institution, a collaboration that opens opportunities for UMass Boston researchers and students. In the first year of the partnership,… Continue Reading →

Pension Action Center to offer education sessions on SECURE 2.0’s pension overpayment protections

For decades, retirees receiving private or federal pensions have been vulnerable to an odd threat: overpayment of their benefits. A retiree who should be receiving $500 each month, for example, might have actually received $575 monthly for the last 15… Continue Reading →

Report: Older people of color, especially those who live alone, most likely to struggle financially

New estimates based on the 2022 Elder IndexTM show that the risk of economic insecurity in later life is especially high for people of color. National averages suggest that among older people living alone, 43 percent of people who are… Continue Reading →

New Elder Index report finds high levels of economic insecurity among Massachusetts’ older residents

Massachusetts is home to the nation’s highest percentage of older adults living alone who are unable to afford basic necessities without extra assistance, according to new research from UMass Boston’s Gerontology Institute. Nearly three-fifths, or 57 percent, of adults age… Continue Reading →

Report: Most older Americans can’t afford a financial shock

A new analysis by the LeadingAge LTSS Center @UMass Boston and the National Council on Aging finds that 80 percent of older Americans—47 million—continue to be unable to sustain a financial shock such as needing to pay for long-term care… Continue Reading →

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