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Financial assistance data reveals tough times for seniors

The article from The Royal Gazette discusses the increasing financial struggles faced by seniors in Bermuda, as revealed by recent financial assistance data. It highlights that the number of seniors relying on financial aid has significantly increased, with many citing rising living costs, inadequate pensions, and health-related expenses as primary reasons for their financial hardship. The data shows a notable uptick in applications for financial assistance among the elderly, particularly those over 65, who are finding it difficult to make ends meet on fixed incomes. The article also touches on the government's response, mentioning efforts to review and possibly adjust the financial assistance programs to better support this vulnerable demographic. Additionally, it points out the broader economic implications, including the strain on public resources and the need for community and familial support systems to alleviate the burden on seniors.

Read the Full The Royal Gazette Article at:
[ https://www.royalgazette.com/general/news/article/20241211/financial-assistance-data-reveals-tough-times-for-seniors/ ]