Recent economic downturn: A public health issue particularly for black and Hispanic older adults

Using data from the CPS and ACS this study examines economic indicators for adults 65 and older in 2008—the first year national survey data reflected the consequences of the economic downturn-and describes disparities between ethnic and minority groups. This study then illustrates ways the economic downturn is on track to increase economic difficulties for older adults in the coming years and discusses the potential impact on racial and ethnic minority groups if steps are not taken to reduce these disparities. Prior studies have found an accumulative disadvantage in health and well-being for black and Hispanic adults who continually experience lower socioeconomic status over the life course. The recent economic downturn marked by an increase in unemployment, home foreclosure, and uninsurance, which have disproportionately impacted minority adults, will likely exacerbate such disparities. Our calculations indicate that 9.9% of older adults live at or below poverty; 19.2% of blacks and 16.8% of Hispanic older adults were poor in 2008. Identifying economically insecure older adults and targeting appropriate services would help alleviate hardships and reduce health declines and health care expenses.

Social Security and Medicare somewhat protect older adults, however by using the available demographic and economic indicators for adults 55-64, This study illustrates why there is reason to be concerned for the well-being of tomorrow's older adult population. In spite of the current constraints on agencies, collaborative efforts to minimize the effects of the economic downturn are necessary. One such effort by the National Council on aging will be discussed.