A lot of seniors do depend on Social Security as their primary source of income. The decrease in pension plans over the last couple of decades left a lot of people with no viable option.
Types of income considered for determining eligibility for senior low-income housing typically include Social Security benefits, pensions, retirement savings, alimony, and income from part-time or full-time employment. Other sources of income, such as rental income or investments, may also be considered. Each housing program may have specific income limits and guidelines for eligibility.
The symbol for Invesco Senior Income Trust in the NYSE is: VVR.
The symbol for Nuveen Senior Income Fund in the NYSE is: NSL.
each person's social security benefit [check] is a math formula based on their prior income over x years
You must be disabled and over 60 years of age. You also must have a limited income like social security benifits.
Nuveen Senior Income Fund (NSL)had its IPO in 1999.
Invesco Senior Income Trust (VVR)had its IPO in 1998.
Senior citizens can receive financial help through various programs and resources. Some common forms of financial assistance include Social Security benefits, Medicare/Medicaid coverage, supplemental income programs such as Supplemental Security Income (SSI), and property tax exemptions. Additionally, there are non-profit organizations, community assistance programs, and state/federal initiatives available to help seniors with housing, healthcare, food, transportation, and utility expenses.
65 years old till 31.03.2012Budget 2012 has made changes in age of Senior Citizen.Now, Any person if he is more than 60 years is considered as Senior Citizen for Income tax purpose in India.Relevant tax rates applicable for senior citizen is given here.http://taxgyan.in/senior-citizen-income-tax-rates-and-age/Income upto Rs 2,50,000 is exempt from Income Tax for Senior Citizens.Read more: Who_is_a_senior_citizen_for_income_tax_in_India
The symbol for Eaton Vance Senior Income Trust in the NYSE is: EVF.
I'm not sure what your age is, but hopefully you will be able to get social security. There is also a program called Section 8 which is very helpful.
Eaton Vance Senior Income Trust (EVF)had its IPO in 1998.