Over half of New Jersey workers – 1. 7 million people - do not have access to a retirement savings plan through their employer. [1] Programs such as Social Security are critical to retirement security but do not provide enough for an individual to depend on during their retirement. The average Social Security benefit for a 65+ family is about $19,000 a year, though on average older New Jersey families spend $23,000 a year of food, utilities, and health care alone. [2] The math is clear…..New Jersey families cannot rely on Social Security alone for a secure financial future.
Statistics from the National Council on Aging show that 1 in 10 Americans 60 and older have experienced elder abuse, and there is broad consensus that the crime is significantly underreported.