Many older Americans are financially vulnerable, with over half living on incomes of $30,000 or less a year.
And, as Sanders' report notes, about 10% of older Americans live in poverty, according to an analysis from the Center on Budget and Policy Priorities.
Without Social Security income, around 38% of Americans 65 and older would be living below the poverty line.
Even so, America's Social Security benefits lag behind many other wealthy countries; benefits amount to, on average, 51.8% of workers' earnings across the OECD.
All of that comes as older Americans see their adult children leaning on them financially, as Gen Zers and millennials weather their own economic storms.
Persons:
Bernie Sanders, —, Sanders, Zers, I'm, Jane, you'll
Organizations:
Service, Health, Education, Labor, Wall, Survey, Federal Reserve's Survey, Consumer Finance, Budget, Security, OECD, Social Security
Locations:
Japan