SPM

More seniors sink into poverty for the fifth straight year in 2025, according to the U.S. Census Bureau's annual poverty report.

The poverty rate for Americans age 65 and older jumped in 2025 to 15.4%, the highest poverty rate of all age groups based on the Supplementary Poverty Measure, or SPM, which includes non-cash benefits but subtracts necessary expenses such as taxes and Medicare.

SPM is considered a better measure of poverty trends and the effectiveness of the government benefit programs than the official poverty measure.

The overall SPM rate for all Americans was 13.1%, up from 13%.

Seniors are the only group that has seen a rise in its poverty rate every year since 2020 when the rate was 9.4% and the tally has risen to more than 10 million people, data show.

All other age groups saw a dip in 2021 before creeping up again, data show.

The old age and survivors insurance fund reserve that supplements income payroll taxes to pay monthly Social Security benefits to retirees is projected to be depleted in the fourth quarter of 2032, which would result in an immediate across the board 22% benefits cut, the Board of Trustees reported.

Without Social Security, poverty among seniors could have been even higher, the report suggested.

And now I'm just like, Oh my God, we're doing Trump too.

We're going to invade Cuba with SPM seven.

Yeah, I mean, I think optimism is understandably not helpful, but I think hope is, like a jagged hope is a good thing to have.

With that, Chip, thank you as always for coming on the program and delivering all of this horrific information, but doing it with pizzazz and some whimsical comedy.

When in the end, the dude's just going to say, I stand by my story and never, never like die on any Hill.

He's just like, did you see what I mean? We as wrestlers or even people in the business, you always, I could see SPM replying, but even then, because there was a stock issue possibly based on this story, But why, if somebody's reporting something and you know the truth, what's it going to mean to do that? Why not just, it's nobody, you know.

I just don't get it.

I don't get why you give...

You know, actually, I think the most...

The one that got me was the bar in Gunnison when they played La Chona and SPM back-to-back.

There's someone looking at you, dude.

Yeah, someone was staring right at me like, yo, watch this.