Friday, April 8, 2011
In 1959, the poverty rate among the elderly was 37.1 percent, or more than double the rate for all adults. By 1969, it has dropped to 27.1 percent and by 1979 to 12.7 percent. By 1999 it was 7 percent, or lower than the adult poverty rate.
Medicare, of course, came into being in the 1965.
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