Osberg, Lars - Center for the Study of Living Standards (CSLS)
has in fact been the reduction of poverty among senior citizens. According to Osberg, the poverty rate, defined with the … poverty line measured as one-half median equivalent income after taxes and transfers, for households headed by a person 65 or … over fell from 28.4 per cent in 1973 to 5.4 per cent in 1997, while the poverty gap or income shortfall below the poverty …