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Gwen Moore: “The share of older adults who are economically insecure is…”

Featuring: Gwen Moore, Democratic | U.S. House, Wisconsin, District 4

Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight

Published May 7, 2025 | Video Starts at 19:21

The true cost of economic security for adults over age 65 is 105,000. Their resources are about 109,000. Where are the resources coming from? Social Security and Medicare. And so The share of older adults who are economically insecure is 48%. We want to focus on some special types of families. Look at three generation families. (19:21–19:27)

CLAIM

Asserts that 48% of older adults are economically insecure.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Gwen Moore

“52% of people in the US are economically insecure and not poised to thrive.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 10:20-10:27
“61% of children are in families with resources that fall below the true cost of economic security threshold.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 10:47-10:54
“59% of folks in the non Metro west region do not have the resources to meet the cost of economic security.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 11:03-11:13
“45% of people in metro Midwest have resources probably level they need to be economically secure.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 11:17-11:28
“The share who cannot meet our full cost of economic security is 58% [for families with children and all adults under age 65].”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 18:09-18:15
“Working age adults without children, 46% are economically insecure.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 18:43-18:49
“56% of people in three generation households do not have all the resources they need to meet their true cost of economic security.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 20:10-20:20
“The rate of economic insecurity for families with student debt is about 48%.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 21:01-21:06
“The rate of economic security is the lowest in the Midwest, 47% still pretty high, and highest in the west where it's 57%.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 22:30-22:39
“61% of children live in families whose resources fall below the rate of economic security.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 22:46-22:54
“Higher rates of economic insecurity for Hispanic people and black people than Asian and Pacific Islanders and white people.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 23:03-23:12
“In places where people are thriving, average resources are over 170,000 a year.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 24:22-24:30
“In places where people are struggling, resources about 100,000 a year.”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 24:22-24:30
“We can certainly look at families in which there is a full-time worker and what the rates of economic security are based on having a…”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 29:56-30:13
“We look at market income versus all other income and they're going to have Social Security, Medicare, either way because they're earned…”
Discussion on Economic Security and the True Cost of Living with Gwen Moore and Seven Letter Insight | Uploaded May 7, 2025 | 30:40-30:49