Senior Poverty Rate Just Went Up as They Fear Possible Social Security Cuts
Summary
The number of Americans aged 65 and older living in poverty rose to 15.4 percent in 2025, up from 9.4 percent in 2020, according to new Census Bureau data. This rise in senior poverty coincides with worries about future Social Security cuts, as the main Social Security retirement fund is projected to be depleted by 2032 unless Congress acts.Key Facts
- Over 10 million older Americans live below the poverty line based on the Supplemental Poverty Measure in 2025.
- The Supplemental Poverty Measure considers taxes, housing costs, and medical expenses when measuring poverty.
- Social Security currently helps lift nearly 28.8 million people out of poverty in the U.S.
- The Social Security trust fund is expected to run out of money by 2032.
- If no changes are made, Social Security benefits could be cut by about 22 percent starting after 2032.
- Many seniors depend mostly or entirely on Social Security for their income.
- Rising housing and medical costs make it harder for older Americans to pay expenses, even with Social Security.
- Most low-income adults over 50 say paying for basics is their main financial worry, and many lack savings for emergencies.
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