NEW YORK (1010 WINS) — The finances of many older New Yorkers living across the five boroughs are in dire straits, according to new data from The Center for an Urban Future, especially as the number of residents 65 and older reaches an all-time high.
Over the last decade, the amount of NYC seniors living in poverty has jumped by 41%, leaving a total of 18% below the poverty threshold.
This trend coincides with an increase in the number of New Yorkers aged 65 and up who live in the city, which has hit nearly 1.4 million—more than the entire population of Dallas, the country’s ninth-largest city…