Most older renters can't make ends meetOlder renters were more than twice as likely to be economically insecure as those who owned their homes and had paid off their mortgages (70.4 percent of older single renters were insecure, compared with 34.4 percent of homeowners without mortgages). Latino elders at risk About three-fourths of Latino elders who lived alone, and almost half of those who lived with only a spouse, could not cover their basic costs of living. Women at riskOlder women accounted for 72 percent of all older Californians who lived alone. Those women were more likely than older men to be unable to cover their basic needs (53.5 percent of women, compared with 44 percent of men). The very old at riskA majority of all single elders aged 75 or older were economically insecure, regardless of ethnicity. More than 90 percent of female single renters aged 75 and older who were Latino or Asian had incomes below the Elder Index, as did two-thirds of all white single renters and 85 percent of all African American single renters aged 75 and older. FPL indicates only half of what is neededIn 2007, the nationwide federal poverty level (FPL), used to determine eligibility for public assistance, was $10,210 for a single adult living alone. According to Elder Index calculations, however, the average minimum income needed by a single older Californian who rented was $21,011.