Having to choose between paying for medicine, food, or rent each month is the new normal for millions of older adults. The pandemic, its economic fallout, and soaring inflation are pushing far too many middle-income older Americans into financial crisis — especially people of color who are already at an economic disadvantage as they age.
The Inflation Reduction Act of 2022 offers a ray of hope. The legislation caps out-of-pocket costs for beneficiaries at $2,000, which wi...