Let’s talk fixed income. It is the reality for millions of people in this country. According to the NCOA:
“22% of married Social Security recipients and 47% of single recipients aged 65+ depend on Social Security for 90% or more of their income. (Social Security Administration)”
That’s just Social Security recipients over 65. That doesn’t include the Social Security disability recipients. Now add to that, the SSI recipients, state welfare program recipients, and supplemental aid programs such as food stamps.