Where Do Old People Get Their Income?

April 16th, 2014
in econ_news, syndication

Econintersect: What do you know about the age group 65+?

  • Aged units 65 to 69 are the most likely to be married couples (50.8%), while aged units 80 or older are most likely to be nonmarried women (53.0%).
  • The median income for units aged 65 or older is $28,056 - but the older you are, the lower the income.
  • Married has higher income, and social security income is over 50% of the income for almost 2/3rds of people 65+. Income breakdown in graphic below.

Follow up:

[click on picture below to view Social Security Study]

Source: http://www.ssa.gov/policy/docs/chartbooks/income_aged/2012/iac12.pdf

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