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New report details the “pension factor”
In 2006 » 2.4 percent of elderly households with pensions lived in poverty, compared to 15.1 percent in poverty without pensions. (1:6)
In 2010 » 1.7 percent of elderly households with pensions lived in poverty, compared to 15.5 percent in poverty without pensions. (1:9)
4.7 million » The projected number of elderly Americans saved from poverty or near poverty in 2010 by pension income
$7.9 billion » The estimated taxpayer dollars saved due to pensioned households not needing public assistance
Source: “The Pension Factor 2012: The Role of Defined Benefit Pensions in Reducing Elder Economic Hardships, www.nirsonline.org
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