America’s next crisis: Tens of millions falling into poverty
In coming decades, America will face an economic crisis of epic proportions as tens of millions of citizens lean toward poverty as they reach their senior years. What is done about it will define what kind of country the U.S. will become.
Poverty increasingly will have an older, non-white and female face. The results may be unlike anything the nation has experienced since the 1930s Depression, when the middle and working classes were gutted by economic collapse. Then Congress responded by creating the first federal safety nets that are still relied on today, starting with Social Security.