From the website:
"The Elder Index measures how much income a retired older adult requires to meet his or her basic needs—without public or private assistance. The Elder Index measures basic expenses for elders age 65+ living in the community, not in institutions.
"Each Elder Index component is a conservative estimate of need, and the Elder Index does not include any “extras” such as vacations, entertainment, electronics, gifts or meals out. As a result, those living below an economic security income may be forced to go without, or make difficult choices among basic needs such as nutritious foods, prescription medications or adequate heating or cooling."
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