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Almost one in five elderly American households outspent their income by more than 50% in 2009 and some (14.3%) outspent their income by more than 175%, according to a new report from the Employee Benefit Research Institute.
The most vulnerable groups were singles, households with no pensions, African-Americans and Hispanics.
Margarida Correia is a former associate editor of the Employee Benefits Group and of Bank Investment Consultant.
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