It is true but none of those people are in the 70 million yet. Next year it might be 80 million because of thos states but my poit is that if you factor in some 90 million people with no assets or less than 2000 it makes for a lot of people with no retirement.
“if you factor in some 90 million people with no assets or less than 2000 it makes for a lot of people with no retirement.”
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And a very big voting block that politicians will be happy to pander to.
A quick web search suggests there are currently ~60M adults 65 and over on Medicare with around 7 million eligible for Medicaid aid as well. I don’t think the problem is as big as you you suggest.