33% of seniors without income, 65% financially insecure: Study

One in every three elders reported not having any income in the past one year, 32% elderly or their spouses had an annual income of less than Rs 50,000 and only 29% elderly reported having access to social security schemes like old-age pension, contributory pension or provident fund. Nearly, 65% of elders reported that they were financially not secure with their current income andaccess to savings and investments.