Here's the one national crisis no one is talking about

Baby boomers are entering their retirement years without anywhere close to adequate savings. And life expectancies keep getting longer. I just don't know how that works out. A new study finds that of the 20 million older Americans who live alone or with a spouse, almost half can't afford everyday necessities such as proper nutrition and medical care. From the LAT:

Though there is a chasm between income and living expenses in every state, it's especially pronounced in some urbanized states where the rising cost of living has outstripped the fixed incomes on which many seniors depend. In California, for example, a single person renting an apartment would need an annual income of $25,884 to cover everyday needs. But median elder income is only $19,200, according to the group. Given that they've already retired, that means the typical senior must cut expenses to bridge that gap of $6,684.