Older Americans richer than previously thought, Census says

March 1, 2023 by Steven A. Morelli

Older Americans may be doing better financially than the U.S. Census thought they were, according to a new analysis the agency recently released.

The Census Bureau found that the population overall had higher income and slightly less poverty than previously thought, thanks to a new analysis project, the National Experimental Wellbeing Statistics, or NEWS. The bureau is correcting survey data for a more accurate measure by linking the survey, decennial census and commercial data to remove errors and bias in income and poverty estimates.

Click HERE to read the full story via INN

Originally Posted at InsuranceNewsNet on February 23, 2023 by Steven A. Morelli.