The Elder Economic Security Standard™ Index (Elder Index), developed by WOW and the Gerontology Institute at the University of Massachusetts Boston, is a measure of the income that older adults need to meet their basic needs and age in place with dignity. The Elder Index is specific to household size, location, housing status and health status. It includes the cost of:
- Health Care
- Miscellaneous Essentials
The Elder Index is the cornerstone of national, state and community-based efforts to promote policies and programs that build economic security for elders and their families. The national Elder Economic Security Initiative™ offers a conceptual framework and concrete tools to advance the well-being of elders through research, organizing, education, advocacy and outreach. Through the Initiative, WOW supports state and local partners who promote economic security by: strengthening social insurance programs for all; increasing opportunities for workers and families to save for retirement; and enhancing community-based services and supports for elders and caregivers. For more information on the Elder Initiative and Elder Index uses, see the More Information page.