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<h1>Income of the Aged Chartbook, 1996</h1>
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<div id="breadcrumbs" itemscope itemtype="http://schema.org/BreadcrumbList">You are here: <span itemprop="itemListElement" itemscope itemtype="http://schema.org/ListItem"><a href="/" itemprop="item"><span itemprop="name">Social Security Administration</span></a><meta itemprop="position" content="1" /></span> > <span itemprop="itemListElement" itemscope itemtype="http://schema.org/ListItem"><a href="/policy/index.html" itemprop="item"><span itemprop="name">Research, Statistics & Policy Analysis</span></a><meta itemprop="position" content="2" /></span> > <span itemprop="itemListElement" itemscope itemtype="http://schema.org/ListItem"><a href="index.html" itemprop="item"><span itemprop="name">Income of the Aged Chartbook, 1996</span></a><meta itemprop="position" content="3" /></span></div>
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<h2>Table of Contents</h2>
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<ul>
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<li><a href="#income">Size of total income</a></li>
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<li><a href="#median">Median income, by marital status, race, and Hispanic origin</a></li>
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<li><a href="#poverty">Poverty status, by marital status, race, and Hispanic origin</a></li>
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<li><a href="#medianincome">Median income, by age</a></li>
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<li><a href="#povertystatus">Poverty status, by age</a></li>
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<li><a href="#sources">Sources of income</a></li>
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<li><a href="#percent">Percent of income from Social Security</a></li>
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<li><a href="#role">Social Security's role in reducing poverty, by marital status and race</a></li>
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<li><a href="#size">Size of income, by receipt of asset income</a></li>
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<li><a href="#medianincomereceipt">Median income, by receipt of earnings and retirement benefits</a></li>
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<li><a href="#receipt">Receipt of income from earnings and pensions, by age</a></li>
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<li><a href="#receiptincome">Receipt of income, by source, race, and Hispanic origin</a></li>
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<li><a href="#share">Share of income, by source</a></li>
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<li><a href="#shareincome">Share of income, by source and income level</a></li>
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<li><a href="#change">Change in median income since 1962</a></li>
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<li><a href="#changeincome">Change in income sources since 1962</a></li>
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<li><a href="#changeshares">Change in shares from sources since 1962</a></li>
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</ul>
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</nav>
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<h2 id="income">Size of total income, 1996</h2>
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<h4>The aged are an economically diverse group</h4>
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<p>Median income for all aged units is $16,099, but there are wide differences within the total group. About 19% have an income of under $8,000 (compared to the 1996 poverty threshold of $7,525 for one person aged 65 or older), and 10% have an income of $50,000 or more.</p>
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<div class="chartCenter">
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<div class="chart700" id="chart1">
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<div class="scrollChart"><img src="chart01.gif" alt="Bar chart with tabular version below." width="650" height="473" /></div>
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<div class="table altTable"><a class="altToggle" href="">Show as table</a>
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<table>
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<caption><span class="tableNumber">Table equivalent for chart. </span>Percentage with various levels of income, 1996</caption>
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<colgroup span="1" style="width:16em"></colgroup>
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<colgroup span="1" style="width:6em"></colgroup>
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<thead>
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<tr>
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<th class="stubHeading" scope="col">Income (dollars)</th>
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<th scope="col">Percentage of<br>aged units</th>
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</tr>
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</thead>
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<tbody>
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<tr>
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<th class="stub0" scope="row">Less than 5,000</th>
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<td>6</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">5,000 to 9,999</th>
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<td>23</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">10,000 to 14,999</th>
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<td>18</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">15,000 to 19,999</th>
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<td>13</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">20,000 to 24,999</th>
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<td>9</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">25,000 to 29,999</th>
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<td>7</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">30,000 to 34,999</th>
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<td>5</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">35,000 to 39,999</th>
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<td>4</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">40,000 to 44,999</th>
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<td>3</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">45,000 to 49,999</th>
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<td>2</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">50,000 or more</th>
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<td>10</td>
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</tr>
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<tfoot>
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<tr>
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<td class="noNotes" colspan="2"> </td>
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</tr>
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</tfoot>
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</table>
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</div>
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<div class="noNotes"></div>
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</div>
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</div>
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<h2 id="median">Median income, by marital status, race, and Hispanic origin, 1996</h2>
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<h4>Demographic differences are associated with different levels of income</h4>
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<p>Income is highest for married couples, who have median income more than twice that of nonmarried men, and more than 2½ times that of nonmarried women. Whites have a median income more than 75% greater than blacks, and more than 90% greater than Hispanics.</p>
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<div class="chartCenter">
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<div class="chart700" id="chart2">
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<div class="title">Median income, 1996</div>
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<div class="scrollChart"><img src="chart02.gif" alt="Bar chart showing median income by marital status: married couples, $27,944; nonmarried men, $13,733; and nonmarried women, $10,483. By race: white, $16,954; black, $9,649; and Hispanic, $8,854." width="604" height="526" /></div>
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<div class="onlyNote">*Persons of Hispanic origin may be of any race.</div>
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</div>
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</div>
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<h2 id="poverty">Poverty status, by marital status, race, and Hispanic origin, 1996</h2>
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<h4>Nonmarried and minority aged have high proportions who are poor or near poor</h4>
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<p>The variations in income by marital status and by race are reflected in the poverty rates (based on family income of aged persons to conform with official measures of poverty) for these subgroups of the aged. Nonmarried men, nonmarried women, and minorities have the highest poverty rates, ranging from 13% to 25%. When the near poor (defined as having income between the poverty line and 125% of the poverty line) are included, the rates for the nonmarried and nonwhites range from 23% to 37%.</p>
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<div class="chartCenter">
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<div class="chart700" id="chart3">
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<div class="title">Percent of persons</div>
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<div class="scrollChart"><img src="chart03.gif" alt="Bar chart with tabular version below." width="631" height="650" /></div>
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<div class="table altTable"><a class="altToggle" href="">Show as table</a>
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<table>
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<caption><span class="tableNumber">Table equivalent for chart. </span> Poverty status, by marital status, race, and Hispanic origin, 1996 (in percent)</caption>
|
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<colgroup span="1" style="width:12em"></colgroup>
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<colgroup span="2" style="width:5em"></colgroup>
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<thead>
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<tr>
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<th class="stubHeading" scope="col">Marital status, race,<br>or Hispanic origin</th>
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<th scope="col">Poor</th>
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<th scope="col">Near<br>poor</th>
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</tr>
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</thead>
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<tbody>
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<tr>
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<th class="stub0" scope="row">Married persons</th>
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<td>4</td>
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<td>4</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">Nonmarried men</th>
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<td>13</td>
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<td>10</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">Nonmarried women</th>
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<td>20</td>
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<td>13</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">White</th>
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<td>9</td>
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<td>7</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">Black</th>
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<td>25</td>
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<td>11</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">Hispanic*</th>
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<td>24</td>
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<td>12</td>
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</tr>
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</tbody>
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<tfoot>
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<tr>
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<td class="noNotes" colspan="3"> </td>
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</tr>
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</tfoot>
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</table>
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</div>
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<div class="onlyNote">*Persons of Hispanic origin may be of any race.</div>
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</div>
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</div>
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<h2 id="medianincome">Median income, by age, 1996</h2>
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<h4>Income differences by age are due in part to marital status differences</h4>
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<p>In every successively older age group, median income is lower. The striking differences by age shown in the following <a href="#chart5">chart</a> are due in part to the disproportionate number of nonmarried women in older age groups. The table below shows that in every age group, nonmarried women have a lower median income than nonmarried men or married couples. It also shows that nonmarried women far outnumber the others in the older age groups</p>
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<div class="table">
|
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<table>
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<caption>Median income and percent of units, by age, sex, and marital status</caption>
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<colgroup span="1" style="width:16em"></colgroup>
|
|
<colgroup span="5" style="width:5em"></colgroup>
|
|
<thead>
|
|
<tr>
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|
<th class="stubHeading" id="c1">Sex and marital status</th>
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<th id="c2">65–69</th>
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<th id="c3">70–74</th>
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<th id="c4">75–79</th>
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<th id="c5">80–84</th>
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<th id="c6">85 or older</th>
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</tr>
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</thead>
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<tbody>
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<tr>
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<td></td>
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<th class="panel" colspan="5" id="r1">Median income (in thousands)</th>
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</tr>
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<tr>
|
|
<th class="stub0" id="r2" headers="r1 c1">Married couples</th>
|
|
<td headers="r1 r2 c2">32,988</td>
|
|
<td headers="r1 r2 c3">27,880</td>
|
|
<td headers="r1 r2 c4">24,655</td>
|
|
<td headers="r1 r2 c5">24,633</td>
|
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<td headers="r1 r2 c6">23,373</td>
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</tr>
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<tr>
|
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<th class="stub0" id="r3" headers="r1 c1">Nonmarried men</th>
|
|
<td headers="r1 r3 c2">15,101</td>
|
|
<td headers="r1 r3 c3">14,313</td>
|
|
<td headers="r1 r3 c4">14,106</td>
|
|
<td headers="r1 r3 c5">13,025</td>
|
|
<td headers="r1 r3 c6">10,928</td>
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</tr>
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<tr>
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<th class="stub0" id="r4" headers="r1 c1">Nonmarried women</th>
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<td headers="r1 r4 c2">11,630</td>
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<td headers="r1 r4 c3">11,325</td>
|
|
<td headers="r1 r4 c4">10,294</td>
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|
<td headers="r1 r4 c5">10,171</td>
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|
<td headers="r1 r4 c6">9,417</td>
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</tr>
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<tr>
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<td></td>
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<th class="panel" colspan="5" id="r5">Percent of units</th>
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</tr>
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<tr>
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<th class="stub1" id="r6" headers="r5 c1">Total number (in thousands)</th>
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|
<td headers="r5 r6 c2">6,681</td>
|
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<td headers="r5 r6 c3">6,286</td>
|
|
<td headers="r5 r6 c4">5,317</td>
|
|
<td headers="r5 r6 c5">3,555</td>
|
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<td headers="r5 r6 c6">2,713</td>
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</tr>
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<tr>
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<th class="stub1" id="r7" headers="r5 c1">Total percent</th>
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<td headers="r5 r7 c2">100</td>
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<td headers="r5 r7 c3">100</td>
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<td headers="r5 r7 c4">100</td>
|
|
<td headers="r5 r7 c5">100</td>
|
|
<td headers="r5 r7 c6">100</td>
|
|
</tr>
|
|
<tr class="topPad1">
|
|
<th class="stub0" id="r8" headers="r5 c1">Married couples</th>
|
|
<td headers="r5 r8 c2">51</td>
|
|
<td headers="r5 r8 c3">45</td>
|
|
<td headers="r5 r8 c4">36</td>
|
|
<td headers="r5 r8 c5">30</td>
|
|
<td headers="r5 r8 c6">17</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" id="r9" headers="r5 c1">Nonmarried men</th>
|
|
<td headers="r5 r9 c2">14</td>
|
|
<td headers="r5 r9 c3">15</td>
|
|
<td headers="r5 r9 c4">15</td>
|
|
<td headers="r5 r9 c5">16</td>
|
|
<td headers="r5 r9 c6">20</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" id="r10" headers="r5 c1">Nonmarried women</th>
|
|
<td headers="r5 r10 c2">35</td>
|
|
<td headers="r5 r10 c3">40</td>
|
|
<td headers="r5 r10 c4">49</td>
|
|
<td headers="r5 r10 c5">54</td>
|
|
<td headers="r5 r10 c6">63</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="6"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart5">
|
|
<div class="title">Median income, by age</div>
|
|
<div class="scrollChart"><img src="chart05.gif" alt="Bar chart showing median income by age: age 65 to 69, $20,893; age 70 to 74, $17,922; age 75 to 79, $14,985; age 80 to 84, $13,503; and age 85 or older, $11,251." width="650" height="391" /></div>
|
|
<div class="noNotes"></div>
|
|
</div>
|
|
</div>
|
|
<h2 id="povertystatus">Poverty status, by age, 1996</h2>
|
|
<h4>The oldest age group has the highest poverty rate</h4>
|
|
<p>In addition to the lower median income of older age groups, poverty rates are often higher for those who are older. As with income, the large proportion of nonmarried women in the older age groups contributes to the difference in poverty rates by age. The table below shows that nonmarried women are more likely than married persons to be poor or near poor in every age group.</p>
|
|
<div class="table">
|
|
<table>
|
|
<caption>Poverty status, <sup>a</sup> by ages, sex, and marital status</caption>
|
|
<colgroup span="1" style="width:8em"></colgroup>
|
|
<colgroup span="3" style="width:5em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Age</th>
|
|
<th scope="col">Married<br>persons</th>
|
|
<th scope="col">Nonmarried<br>men</th>
|
|
<th scope="col">Nonmarried<br>women</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<td></td>
|
|
<th class="panel" colspan="3" scope="rowgroup">Percent poor</th>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">65–69</th>
|
|
<td>4</td>
|
|
<td>13</td>
|
|
<td>19</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">70–74</th>
|
|
<td>4</td>
|
|
<td>10</td>
|
|
<td>18</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">75–79</th>
|
|
<td>5</td>
|
|
<td>11</td>
|
|
<td>21</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">80–84</th>
|
|
<td>5</td>
|
|
<td>17</td>
|
|
<td>20</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">85 or older</th>
|
|
<td>5</td>
|
|
<td>15</td>
|
|
<td>21</td>
|
|
</tr>
|
|
</tbody>
|
|
<tbody>
|
|
<tr>
|
|
<td></td>
|
|
<th class="panel" colspan="3" scope="rowgroup">Percent poor or near poor <sup>b</sup></th>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">65–69</th>
|
|
<td>8</td>
|
|
<td>24</td>
|
|
<td>30</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">70–74</th>
|
|
<td>8</td>
|
|
<td>24</td>
|
|
<td>30</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">75–79</th>
|
|
<td>9</td>
|
|
<td>16</td>
|
|
<td>35</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">80–84</th>
|
|
<td>10</td>
|
|
<td>24</td>
|
|
<td>33</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">85 or older</th>
|
|
<td>9</td>
|
|
<td>27</td>
|
|
<td>34</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="firstNote" colspan="4">a. Based on family income of aged persons to conform with official measures of poverty.</td>
|
|
</tr>
|
|
<tr>
|
|
<td class="lastNote" colspan="4">b. The near poor are defined as having income between the poverty line and 125% of the poverty line.</td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart7">
|
|
<div class="scrollChart"><img src="chart07.gif" alt="Bar chart with tabular version below." width="650" height="567" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Percent of persons poor, by marital status</caption>
|
|
<colgroup span="1" style="width:7em"></colgroup>
|
|
<colgroup span="2" style="width:6em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Age</th>
|
|
<th scope="col">Married<br>persons</th>
|
|
<th scope="col">Nonmarried<br>persons</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0 nobr" scope="row">65–69</th>
|
|
<td>4</td>
|
|
<td>19</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0 nobr" scope="row">70–74</th>
|
|
<td>4</td>
|
|
<td>18</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0 nobr" scope="row">75–79</th>
|
|
<td>5</td>
|
|
<td>21</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0 nobr" scope="row">80–84</th>
|
|
<td>5</td>
|
|
<td>20</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">85 or older</th>
|
|
<td>5</td>
|
|
<td>21</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="3"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="noNotes"></div>
|
|
</div>
|
|
</div>
|
|
<h2 id="sources">Sources of income, 1996</h2>
|
|
<h4>Social Security is a source of income for nearly all the aged</h4>
|
|
<p>More than 9 out of 10 aged units receive Social Security benefits. Asset income is the next most common source of income, received by nearly two-thirds of the aged. Less than half (41%) receive pensions other than Social Security, and only 21% have earnings. Public assistance is received by 6% and veterans' benefits by only 5%.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart8">
|
|
<div class="scrollChart"><img src="chart08.gif" alt="Bar chart with tabular version below." width="650" height="404" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Percentage receiving income from specified source, 1996</caption>
|
|
<colgroup span="1" style="width:25em"></colgroup>
|
|
<colgroup span="1" style="width:6em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Source of income</th>
|
|
<th scope="col">Percent</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Social Security</th>
|
|
<td>91</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Asset income</th>
|
|
<td>63</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Retirement benefits other than Social Security*</th>
|
|
<td>41</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Private only</th>
|
|
<td>28</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Other public only</th>
|
|
<td>11</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Both</th>
|
|
<td>2</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Earnings</th>
|
|
<td>21</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Public assistance</th>
|
|
<td>6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Veterans' benefits</th>
|
|
<td>5</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="2"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="onlyNote">*Includes private pensions and annuities, government employee pensions, Railroad
|
|
Retirement, and <abbr class="spell">IRA</abbr>, Keogh, and <span class="nobr">401(k)</span> payments.</div>
|
|
</div>
|
|
</div>
|
|
<h2 id="percent">Percent of income from Social Security, 1996</h2>
|
|
<h4>Social Security provides at least half of total income for a majority of beneficiaries</h4>
|
|
<p>Social Security pays benefits to more than 90% of those aged 65 or older. It is the major source of income (providing 50% or more of total income) for 66% of the beneficiaries. It contributes 90% or more of income for almost one-third of the beneficiaries, and is the only source of income for 18% of them.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart9">
|
|
<div class="scrollChart"><img src="chart09.gif" alt="Pie chart showing Social Security provides less than 50% of income for 34% of beneficiaries; 50-89% for 36%; 90-99% for 12%; and 100% of income for 18% of beneficiaries." width="650" height="285" /></div>
|
|
<div class="noNotes"></div>
|
|
</div>
|
|
</div>
|
|
<h2 id="role">Social Security's role in reducing poverty, by marital status and race, 1996</h2>
|
|
<h4>Social Security plays a pivotal role in reducing poverty</h4>
|
|
<p>Although there are aged beneficiaries with family income below the poverty line (based on family income of aged persons to conform with official measures of poverty), the poverty rate would be much higher if they did not have Social Security benefits. Nine percent of aged beneficiaries are poor, and 41% are kept out of poverty by their Social Security benefits—so that the total poverty rate without Social Security would be 50%. Although poverty rates vary considerably by marital status and race, the proportion kept out of poverty by their Social Security benefits is about 40% for all groups.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart10">
|
|
<div class="scrollChart"><img src="chart10.gif" alt="Bar chart with tabular version below." width="650" height="446" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Percent of persons</caption>
|
|
<colgroup span="1" style="width:10em"></colgroup>
|
|
<colgroup span="2" style="width:10em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Marital status and race</th>
|
|
<th scope="col">Poor with<br>Social Security</th>
|
|
<th scope="col">Kept out of<br>poverty by<br>Social Security</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub1" scope="row">Total beneficiaries</th>
|
|
<td>9</td>
|
|
<td>41</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Married</th>
|
|
<td>3</td>
|
|
<td>38</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Nonmarried</th>
|
|
<td>16</td>
|
|
<td>44</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">White</th>
|
|
<td>8</td>
|
|
<td>41</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Black</th>
|
|
<td>24</td>
|
|
<td>38</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="3"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="noNotes"></div>
|
|
</div>
|
|
</div>
|
|
<h2 id="size">Size of income, by receipt of asset income, 1996</h2>
|
|
<h4>Receipt of asset income is associated with relatively high median income</h4>
|
|
<p>The median income of those with asset income is more than twice as large as that of those with no asset income ($22,097, compared to $9,375). Aged units with no asset income are concentrated in the lowest income categories—54% have a total income below $10,000 and only 6% have an income of $30,000 or more. Among aged units with asset income, 14% have a total income of less than $10,000 and one-third have an income of $30,000 or more.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart11">
|
|
<div class="title">Size of total income (in thousands)</div>
|
|
<div class="scrollChart"><img src="chart11.gif" alt="Two pie charts with tabular version below." width="619" height="388" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Size of total income (in thousands)</caption>
|
|
<colgroup span="1" style="width:10em"></colgroup>
|
|
<colgroup span="2" style="width:10em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Total income</th>
|
|
<th scope="col">Percent with<br>asset income</th>
|
|
<th scope="col">Percent without<br>asset income</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">Less than $10</th>
|
|
<td>14</td>
|
|
<td>54</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">$10 - $19</th>
|
|
<td>32</td>
|
|
<td>32</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">$20 - $29</th>
|
|
<td>21</td>
|
|
<td>8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">$30 or more</th>
|
|
<td>33</td>
|
|
<td>6</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="3"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="noNotes"></div>
|
|
</div>
|
|
</div>
|
|
<h2 id="medianincomereceipt">Median income, by receipt of earnings and retirement benefits, 1996</h2>
|
|
<h4>Receipt of earnings and retirement benefits also affects income size</h4>
|
|
<p>About 7% of aged units have no retirement benefits. Of these, 38% have earnings; their median income is $33,638. Sixty-two percent have no earnings, and their median income is only $490. In the absence of earnings, median income rises markedly with the number of retirement benefits received, from $10,054 with one retirement benefit to $23,164 with two or more. For units with both earnings and retirement benefits, median incomes are $26,982 for those with one retirement benefit and $37,996 for those with more than one.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart12">
|
|
<div class="scrollChart"><img src="chart12.gif" alt="Bar chart with tabular version below." width="650" height="461" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Median income (in thousands)</caption>
|
|
<colgroup span="1" style="width:15em"></colgroup>
|
|
<colgroup span="2" style="width:10em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Retirement benefits</th>
|
|
<th scope="col">With earnings</th>
|
|
<th scope="col">Without earnings</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">No retirement benefits</th>
|
|
<td>33,638</td>
|
|
<td>490</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">One retirement benefit</th>
|
|
<td>26,982</td>
|
|
<td>10,054</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Two or more retirement benefits</th>
|
|
<td>37,996</td>
|
|
<td>23,164</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="3"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="noNotes"></div>
|
|
</div>
|
|
</div>
|
|
<h2 id="receipt">Receipt of income from earnings and pensions, by age, 1996</h2>
|
|
<h4>Age groups differ in their likelihood of receiving earnings and pensions</h4>
|
|
<p>Earnings are much more common in the youngest age group than in the oldest group—39%, compared to 4%. Private pensions and other pensions are also more common among the younger groups than the older ones. For the youngest group, earnings are a more common source of income than are either private or other pensions. Among the older cohorts, private pensions are a more common source of income than are earnings or other pensions.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart13">
|
|
<div class="scrollChart"><img src="chart13.gif" alt="Bar chart with tabular version below." width="650" height="523" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Percent of units</caption>
|
|
<colgroup span="1" style="width:10em"></colgroup>
|
|
<colgroup span="3" style="width:5em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Age</th>
|
|
<th scope="col">Earnings</th>
|
|
<th scope="col">Private<br>pensions</th>
|
|
<th scope="col">Other<br>pensions</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0 nobr" scope="row">65–69</th>
|
|
<td>39</td>
|
|
<td>31</td>
|
|
<td>15</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0 nobr" scope="row">70–74</th>
|
|
<td>23</td>
|
|
<td>35</td>
|
|
<td>15</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0 nobr" scope="row">75–79</th>
|
|
<td>13</td>
|
|
<td>30</td>
|
|
<td>15</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0 nobr" scope="row">80–84</th>
|
|
<td>7</td>
|
|
<td>27</td>
|
|
<td>11</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">85 or older</th>
|
|
<td>4</td>
|
|
<td>20</td>
|
|
<td>10</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="4"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="noNotes"></div>
|
|
</div>
|
|
</div>
|
|
<h2 id="receiptincome">Receipt of income, by source, race, and Hispanic origin, 1996</h2>
|
|
<h4>Receipt of income from major sources varies by race and Hispanic origin</h4>
|
|
<p>Among the aged, whites and blacks are somewhat more likely than Hispanics to receive Social Security. Whites are much more likely than blacks or Hispanics to receive income from assets and from pensions. The groups are about equally likely to have earnings. Minority aged units are much more likely to receive Supplemental Security Income (<abbr class="spell">SSI</abbr>) than are whites.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart14">
|
|
<div class="scrollChart"><img src="chart14.gif" alt="Bar chart with tabular version below." width="650" height="468" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Percent of units</caption>
|
|
<colgroup span="1" style="width:10em"></colgroup>
|
|
<colgroup span="3" style="width:5em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Source</th>
|
|
<th scope="col">White</th>
|
|
<th scope="col">Black</th>
|
|
<th scope="col">Hispanic*</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">Social Security</th>
|
|
<td>92</td>
|
|
<td>83</td>
|
|
<td>73</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Asset income</th>
|
|
<td>67</td>
|
|
<td>33</td>
|
|
<td>27</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Pensions**</th>
|
|
<td>43</td>
|
|
<td>32</td>
|
|
<td>20</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Earnings</th>
|
|
<td>21</td>
|
|
<td>17</td>
|
|
<td>18</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">SSI</th>
|
|
<td>4</td>
|
|
<td>14</td>
|
|
<td>22</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="4"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="firstNote">*Persons of Hispanic origin may be of any race.</div>
|
|
<div class="lastNote">**Includes private pensions and annuities, government employee pensions, Railroad Retirement, and <abbr class="spell">IRA</abbr>, Keogh, and <span class="nobr">401(k)</span> payments.</div>
|
|
</div>
|
|
</div>
|
|
<h2 id="share">Share of income, by source, 1996</h2>
|
|
<h4>Social Security provides the majority of income for the aged</h4>
|
|
<p>Money income for the population 65 or older comes largely from four sources. Social Security provides the largest portion—40%. Earnings, asset income, and pensions other than Social Security account for 20%, 18%, and 19%, respectively. Only 3% comes from other sources.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart15">
|
|
<div class="scrollChart"><img src="chart15.gif" alt="Pie chart described in previous paragraph." width="650" height="377" /></div>
|
|
<div class="onlyNote">*Includes private pensions and annuities, government employee pensions,
|
|
Railroad Retirement, and <abbr class="spell">IRA</abbr>, Keogh, and <span class="nobr">401(k)</span> payments.</div>
|
|
</div>
|
|
</div>
|
|
<h2 id="shareincome">Share of income, by source and income level, 1996</h2>
|
|
<h4>The share supplied by each income source differs greatly by income level</h4>
|
|
<p>Aged units are ranked by total income and divided into five groups of equal size called quintiles. In the following <a href="#chart17">chart</a>, shares of income of the quintile with the lowest income are compared with those of the quintile with the highest. Social Security benefits provide 81% of the total income for those in the lowest income quintile, and public assistance provides the second largest share (11%). For those in the highest income quintile, earnings provide the highest share of income (31%) and income from assets is the next most important (25%). Social Security and pensions are 21% each. The table below details the shares in the intermediate income quintiles, as well as those in the lowest and highest.</p>
|
|
<div class="table">
|
|
<table>
|
|
<caption>Shares of income by quintiles of total income</caption>
|
|
<colgroup span="1" style="width:10em"></colgroup>
|
|
<colgroup span="5" style="width:4em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Source</th>
|
|
<th scope="col">Lowest</th>
|
|
<th scope="col">Second</th>
|
|
<th scope="col">Third</th>
|
|
<th scope="col">Fourth</th>
|
|
<th scope="col">Highest</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">Social Security</th>
|
|
<td>81</td>
|
|
<td>80</td>
|
|
<td>66</td>
|
|
<td>47</td>
|
|
<td>21</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Pensions <sup>a</sup></th>
|
|
<td>3</td>
|
|
<td>7</td>
|
|
<td>15</td>
|
|
<td>24</td>
|
|
<td>21</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Asset income</th>
|
|
<td>3</td>
|
|
<td>6</td>
|
|
<td>9</td>
|
|
<td>15</td>
|
|
<td>25</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Earnings</th>
|
|
<td>1</td>
|
|
<td>3</td>
|
|
<td>7</td>
|
|
<td>12</td>
|
|
<td>31</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Public assistance</th>
|
|
<td>11</td>
|
|
<td>2</td>
|
|
<td>1</td>
|
|
<td>b</td>
|
|
<td>b</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Other income</th>
|
|
<td>1</td>
|
|
<td>2</td>
|
|
<td>3</td>
|
|
<td>2</td>
|
|
<td>2</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="firstNote" colspan="6">NOTE: Percents may not sum to 100 due to rounding.</td>
|
|
</tr>
|
|
<tr>
|
|
<td class="note" colspan="6">a. Includes private pensions and annuities, government employee pensions, Railroad Retirement, and <abbr class="spell">IRA</abbr>, Keogh, and <span class="nobr">401(k)</span> payments.</td>
|
|
</tr>
|
|
<tr>
|
|
<td class="lastNote" colspan="6">b. Less than 0.5%.</td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart17">
|
|
<div class="title">Shares of income for aged units in the lowest and highest income quintiles</div>
|
|
<div class="scrollChart"><img src="chart17.gif" alt="Two pie charts representing data from previous table." width="594" height="607" /></div>
|
|
<div class="onlyNote">*Includes private pensions and annuities, government employee pensions, Railroad Retirement, and <abbr class="spell">IRA</abbr>, Keogh, and <span class="nobr">401(k)</span> payments.</div>
|
|
</div>
|
|
</div>
|
|
<h2 id="change">Change in median income since 1962</h2>
|
|
<h4>Median real income has risen substantially over the years</h4>
|
|
<p>Between 1962 and 1996, the income of the aged increased—even when adjusted for inflation. The increase was 88% for married couples and 93% for nonmarried persons. The table below and the following <a href="#chart19">chart</a> show that between 1967 and 1996, the income of married couples increased by 76%, and that of nonmarried persons increased by 84%. There were disproportionate increases by race—the income of whites increased by 90% between 1967 and 1996, that of blacks by 53%.</p>
|
|
<div class="table">
|
|
<table>
|
|
<caption>Median income in 1996 dollars, by marital status and race, selected years</caption>
|
|
<colgroup span="1" style="width:4em"></colgroup>
|
|
<colgroup span="2" style="width:5em"></colgroup>
|
|
<colgroup span="2" style="width:5em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" rowspan="2" scope="colgroup">Year</th>
|
|
<th class="spanner" colspan="2" scope="colgroup">Marital status</th>
|
|
<th class="spanner" colspan="2" scope="colgroup">Race</th>
|
|
</tr>
|
|
<tr>
|
|
<th scope="col">Married<br>couples</th>
|
|
<th scope="col">Nonmarried<br>couples</th>
|
|
<th scope="col">White</th>
|
|
<th scope="col">Black</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">1962</th>
|
|
<td>14,887</td>
|
|
<td>5,851</td>
|
|
<td>. . .</td>
|
|
<td>. . .</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1967</th>
|
|
<td>15,845</td>
|
|
<td>6,135</td>
|
|
<td>8,935</td>
|
|
<td>6,314</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1971</th>
|
|
<td>20,757</td>
|
|
<td>7,938</td>
|
|
<td>12,575</td>
|
|
<td>7,334</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1976</th>
|
|
<td>21,756</td>
|
|
<td>9,265</td>
|
|
<td>13,622</td>
|
|
<td>8,245</td>
|
|
</tr>
|
|
<tr class="topPad1">
|
|
<th class="stub0" scope="row">1978</th>
|
|
<td>22,765</td>
|
|
<td>9,409</td>
|
|
<td>14,342</td>
|
|
<td>7,821</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1980</th>
|
|
<td>22,888</td>
|
|
<td>9,102</td>
|
|
<td>14,129</td>
|
|
<td>7,731</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1982</th>
|
|
<td>24,600</td>
|
|
<td>9,560</td>
|
|
<td>15,365</td>
|
|
<td>7,772</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1984</th>
|
|
<td>26,049</td>
|
|
<td>10,103</td>
|
|
<td>16,551</td>
|
|
<td>8,260</td>
|
|
</tr>
|
|
<tr class="topPad1">
|
|
<th class="stub0" scope="row">1986</th>
|
|
<td>27,042</td>
|
|
<td>10,279</td>
|
|
<td>16,864</td>
|
|
<td>8,518</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1988</th>
|
|
<td>26,930</td>
|
|
<td>10,515</td>
|
|
<td>17,397</td>
|
|
<td>8,360</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1990</th>
|
|
<td>28,033</td>
|
|
<td>10,981</td>
|
|
<td>17,457</td>
|
|
<td>8,388</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1992</th>
|
|
<td>26,635</td>
|
|
<td>10,684</td>
|
|
<td>16,802</td>
|
|
<td>8,346</td>
|
|
</tr>
|
|
<tr class="topPad1">
|
|
<th class="stub0" scope="row">1994</th>
|
|
<td>26,515</td>
|
|
<td>11,016</td>
|
|
<td>16,887</td>
|
|
<td>9,288</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1996</th>
|
|
<td>27,944</td>
|
|
<td>11,302</td>
|
|
<td>16,954</td>
|
|
<td>9,649</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="onlyNote" colspan="5">NOTE: . . . = not available.</td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart19">
|
|
<div class="title">Change in median income</div>
|
|
<div class="scrollChart"><img src="chart19.gif" alt="Line chart representing data from previous table." width="650" height="554" /></div>
|
|
<div class="onlyNote">*In 1996 dollars</div>
|
|
</div>
|
|
</div>
|
|
<h2 id="changeincome">Change in income sources since 1962</h2>
|
|
<h4>Receipt of Social Security has become nearly universal since 1962</h4>
|
|
<p>In 1962, 69% of the aged received Social Security benefits; by 1996, 91% of them did. As shown in the table below and the following <a href="#chart21">chart</a>, most of that increase occurred in the 1960's. Receipt of other pension income, which more than doubled from 1962 to 1992, has decreased slightly since then. The proportion of aged units with asset income, which had been about two-thirds since 1980, dropped slightly in 1996. The proportion with earnings has declined since 1962, and since 1982 has been about 21%. The proportion receiving public assistance has also declined, and in recent years has been about half of its 1962 level.</p>
|
|
<div class="table">
|
|
<table>
|
|
<caption>Sources of income, selected years (percent)</caption>
|
|
<colgroup span="1" style="width:4em"></colgroup>
|
|
<colgroup span="5" style="width:4em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Year</th>
|
|
<th scope="col">Social<br>Security</th>
|
|
<th scope="col">Asset<br>income</th>
|
|
<th scope="col">Pensions <sup>a</sup></th>
|
|
<th scope="col">Earnings</th>
|
|
<th scope="col">Public<br>assistance</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">1962</th>
|
|
<td>69</td>
|
|
<td>54</td>
|
|
<td>18</td>
|
|
<td>36</td>
|
|
<td>14</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1967</th>
|
|
<td>86</td>
|
|
<td>50</td>
|
|
<td>22</td>
|
|
<td>27</td>
|
|
<td>12</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1971</th>
|
|
<td>87</td>
|
|
<td>49</td>
|
|
<td>23</td>
|
|
<td>31</td>
|
|
<td>10</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1976</th>
|
|
<td>89</td>
|
|
<td>56</td>
|
|
<td>31</td>
|
|
<td>25</td>
|
|
<td>11</td>
|
|
</tr>
|
|
<tr class="topPad1">
|
|
<th class="stub0" scope="row">1978</th>
|
|
<td>90</td>
|
|
<td>62</td>
|
|
<td>32</td>
|
|
<td>25</td>
|
|
<td>9</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1980</th>
|
|
<td>90</td>
|
|
<td>66</td>
|
|
<td>34</td>
|
|
<td>23</td>
|
|
<td>10</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1982</th>
|
|
<td>90</td>
|
|
<td>68</td>
|
|
<td>35</td>
|
|
<td>22</td>
|
|
<td>8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1984</th>
|
|
<td>91</td>
|
|
<td>68</td>
|
|
<td>38</td>
|
|
<td>21</td>
|
|
<td>9</td>
|
|
</tr>
|
|
<tr class="topPad1">
|
|
<th class="stub0" scope="row">1986</th>
|
|
<td>91</td>
|
|
<td>67</td>
|
|
<td>40</td>
|
|
<td>20</td>
|
|
<td>7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1988</th>
|
|
<td>92</td>
|
|
<td>68</td>
|
|
<td>42</td>
|
|
<td>22</td>
|
|
<td>7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1990</th>
|
|
<td>92</td>
|
|
<td>69</td>
|
|
<td>44</td>
|
|
<td>22</td>
|
|
<td>7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1992</th>
|
|
<td>92</td>
|
|
<td>67</td>
|
|
<td>45</td>
|
|
<td>20</td>
|
|
<td>7</td>
|
|
</tr>
|
|
<tr class="topPad1">
|
|
<th class="stub0" scope="row">1994</th>
|
|
<td>91</td>
|
|
<td>67</td>
|
|
<td>42</td>
|
|
<td>21</td>
|
|
<td>6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1996</th>
|
|
<td>91</td>
|
|
<td>63</td>
|
|
<td>41</td>
|
|
<td>21</td>
|
|
<td>6</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="onlyNote" colspan="6">a. Includes private pensions and annuities, government employee pensions, Railroad Retirement, and <abbr class="spell">IRA</abbr>, Keogh, and <span class="nobr">401(k)</span> payments.</td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart21">
|
|
<div class="title">Change in sources of income</div>
|
|
<div class="scrollChart"><img src="chart21.gif" alt="Line chart representing data from previous table." width="650" height="533" /></div>
|
|
<div class="onlyNote">*Includes private pensions and annuities, government employee pensions, Railroad Retirement, and <abbr class="spell">IRA</abbr>, Keogh, and <span class="nobr">401(k)</span> payments.</div>
|
|
</div>
|
|
</div>
|
|
<h2 id="changeshares">Change in shares from sources since 1962</h2>
|
|
<h4>Social Security continues to provide the largest share of total income for the aged</h4>
|
|
<p>The share of income provided by Social Security increased by about one-fourth between 1962 and 1980, and since then has accounted for about 40% of the total. The share from asset income increased for about 20 years, but has been declining since the <span class="nobr">mid-80's</span>. The share from pensions more than doubled, reaching 19% in 1996, while the share from earnings declined nearly 30% over the period.</p>
|
|
<div class="table">
|
|
<table>
|
|
<caption>Shares of income from various sources, selected years (percent)</caption>
|
|
<colgroup span="1" style="width:4em"></colgroup>
|
|
<colgroup span="5" style="width:4em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Year</th>
|
|
<th scope="col">Social<br>Security</th>
|
|
<th scope="col">Asset<br>income</th>
|
|
<th scope="col">Pensions <sup>a</sup></th>
|
|
<th scope="col">Earnings</th>
|
|
<th scope="col">Other</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">1962</th>
|
|
<td>31</td>
|
|
<td>16</td>
|
|
<td>9</td>
|
|
<td>28</td>
|
|
<td>16</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1967</th>
|
|
<td>34</td>
|
|
<td>15</td>
|
|
<td>12</td>
|
|
<td>29</td>
|
|
<td>10</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1976</th>
|
|
<td>39</td>
|
|
<td>18</td>
|
|
<td>16</td>
|
|
<td>23</td>
|
|
<td>4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1978</th>
|
|
<td>38</td>
|
|
<td>19</td>
|
|
<td>16</td>
|
|
<td>23</td>
|
|
<td>4</td>
|
|
</tr>
|
|
<tr class="topPad1">
|
|
<th class="stub0" scope="row">1980</th>
|
|
<td>39</td>
|
|
<td>22</td>
|
|
<td>16</td>
|
|
<td>19</td>
|
|
<td>4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1982</th>
|
|
<td>39</td>
|
|
<td>25</td>
|
|
<td>15</td>
|
|
<td>18</td>
|
|
<td>3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1984</th>
|
|
<td>38</td>
|
|
<td>28</td>
|
|
<td>15</td>
|
|
<td>16</td>
|
|
<td>3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1986</th>
|
|
<td>38</td>
|
|
<td>26</td>
|
|
<td>16</td>
|
|
<td>17</td>
|
|
<td>3</td>
|
|
</tr>
|
|
<tr class="topPad1">
|
|
<th class="stub0" scope="row">1988</th>
|
|
<td>38</td>
|
|
<td>25</td>
|
|
<td>17</td>
|
|
<td>17</td>
|
|
<td>3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1990</th>
|
|
<td>36</td>
|
|
<td>24</td>
|
|
<td>18</td>
|
|
<td>18</td>
|
|
<td>3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1992</th>
|
|
<td>40</td>
|
|
<td>21</td>
|
|
<td>20</td>
|
|
<td>17</td>
|
|
<td>3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1994</th>
|
|
<td>42</td>
|
|
<td>18</td>
|
|
<td>19</td>
|
|
<td>18</td>
|
|
<td>3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1996</th>
|
|
<td>40</td>
|
|
<td>18</td>
|
|
<td>19</td>
|
|
<td>20</td>
|
|
<td>3</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="onlyNote" colspan="6">a. Includes private pensions and annuities, government employee pensions, Railroad Retirement, and <abbr class="spell">IRA</abbr>, Keogh, and <span class="nobr">401(k)</span> payments.</td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="chartCenter">
|
|
<div class="chart700" id="chart23">
|
|
<div class="title">Change in shares of income</div>
|
|
<div class="scrollChart"><img src="chart23.gif" alt="Line chart representing data from previous table." width="650" height="537" /></div>
|
|
<div class="onlyNote">*Includes private pensions and annuities, government employee pensions, Railroad Retirement, and <abbr class="spell">IRA</abbr>, Keogh, and <span class="nobr">401(k)</span> payments.</div>
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</div>
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</div>
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</div>
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