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<title>Income of the Aged Chartbook, 2012</title>
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<article>
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<header>
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<div id="hLogo"><a class="navLogo" href="/policy/index.html">Social Security</a><a class="navSearch" href="https://search.ssa.gov/search?affiliate=ssa">SEARCH</a></div>
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<div id="hDocInfo">
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<h1>Income of the Aged Chartbook, 2012</h1>
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</div>
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</div>
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</header>
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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, 2012</span></a><meta itemprop="position" content="3" /></span></div>
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<div id="rspaUtil"><ul><li id="mail"><a class="js-ga-event" href="#" rel="nofollow" data-event="outbound-link" data-event-action="click" data-event-label="email-this">Email</a></li><li id="print"><a href="#" rel="nofollow">Save/Print</a></li></ul></div>
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</nav>
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<div class="innards">
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<div class="chartTabs">
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<ul class="chartTabsNav ui-helper-clearfix ui-corner-all">
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<li id="definition" class="ui-corner-top"><a href="#definitions">Definitions<br>and Notes</a></li>
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<li id="total" class="ui-corner-top"><br><a href="#table2">Total Money Income</a></li>
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<li id="income" class="ui-corner-top"><br><a href="#chart8">Income Sources</a></li>
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<li id="shares" class="ui-corner-top"><a href="#chart16">Shares of<br>Aggregate Income</a></li>
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<li id="family" class="ui-corner-top"><a href="#table20">Family Income of<br>Persons 65 or Older</a></li>
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<li id="poverty" class="ui-corner-top"><a href="#chart28">Poverty Status, Based<br>on Family Income</a></li>
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</ul>
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<div class="chartTabsPanel ui-corner-bottom">
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<div id="totalSidebar" class="chartSidebar">
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<ul>
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<li><a href="#table2">Percentage distribution of aged units 65 or older</a></li>
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<li><a href="#chart3">Percentage with various levels of income</a></li>
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<li><a href="#chart4">Median income, by age and marital status</a></li>
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<li><a href="#chart5">Median income, by marital status, race, and Hispanic origin</a></li>
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<li><a href="#chart6">Change in median income, by marital status and race, selected years</a></li>
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</ul>
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</div>
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<div id="incomeSidebar" class="chartSidebar">
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<ul>
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<li><a href="#chart8">Percentage receiving income from specified source</a></li>
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<li><a href="#chart9">Percentage of aged beneficiary units receiving Social Security benefits, by relative importance of benefits to total income</a></li>
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<li><a href="#chart10">Percentage receiving income from earnings and pensions, by age</a></li>
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<li><a href="#chart11">Percentage receiving income from major sources, by race and Hispanic origin</a></li>
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<li><a href="#chart12">Change in percentage receiving income from major sources, selected years</a></li>
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<li><a href="#chart13">Percentage with various levels of income, by receipt of asset income</a></li>
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<li><a href="#chart14">Median income, by receipt of earnings and retirement benefits</a></li>
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</ul>
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</div>
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<div id="sharesSidebar" class="chartSidebar">
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<ul>
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<li><a href="#chart16">Shares of aggregate income, by source</a></li>
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<li><a href="#chart17">Shares of aggregate income for the lowest and highest income quintiles, by source</a></li>
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<li><a href="#chart18">Shares of aggregate income, by source, selected years</a></li>
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</ul>
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</div>
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<div id="familySidebar" class="chartSidebar">
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<ul>
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<li><a href="#table20">Percentage distribution of persons 65 or older</a></li>
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<li><a href="#chart21">Percentage with various levels of family income</a></li>
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<li><a href="#chart22">Median family income, by sex and age</a></li>
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<li><a href="#chart23">Median family income, by sex, race, and Hispanic origin</a></li>
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<li><a href="#chart24">Family income source, by sex</a></li>
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<li><a href="#chart25">Percentage of aged persons in families receiving Social Security benefits, by sex and relative importance of family benefits to family total income</a></li>
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</ul>
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</div>
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<div id="povertySidebar" class="chartSidebar">
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<ul>
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<li><a href="#chart28">Poverty status, by sex, marital status, race, and Hispanic origin</a></li>
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<li><a href="#chart29">Poverty status, by age</a></li>
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</ul>
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</div>
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<div class="chartArea" id="table2" onfocus="window.scrollTo(0,0)">
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<h1>Total Money Income</h1>
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<p><b>The demographic composition of the elderly changes with age.</b> 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 younger age groups also have a greater proportion of minorities than the older cohorts.</p>
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<div class="table">
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<table>
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<caption>Percentage distribution of aged units 65 or older, 2012</caption>
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<colgroup span="1" style="width:12em"></colgroup>
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<colgroup span="5" style="width:5em"></colgroup>
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<thead>
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<tr>
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<th class="stubHeading" scope="col"> </th>
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<th scope="col">65 or older</th>
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<th scope="col"><span class="nobr">65–69</span></th>
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<th scope="col"><span class="nobr">70–74</span></th>
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<th scope="col"><span class="nobr">75–79</span></th>
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<th scope="col">80 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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<th class="stub0" scope="row">Marital status and sex</th>
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<td colspan="5"> </td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Married couples</th>
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<td>42.5</td>
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<td>50.8</td>
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<td>49.0</td>
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<td>43.6</td>
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<td>28.1</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Nonmarried men</th>
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<td>16.9</td>
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<td>17.6</td>
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<td>15.2</td>
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<td>14.6</td>
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<td>18.9</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Nonmarried women</th>
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<td>40.5</td>
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<td>31.6</td>
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<td>35.9</td>
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<td>41.8</td>
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<td>53.0</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">Race</th>
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<td colspan="5"> </td>
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</tr>
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<tr>
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<th class="stub1" scope="row">White alone</th>
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<td>84.4</td>
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<td>82.8</td>
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<td>83.5</td>
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<td>85.2</td>
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<td>86.5</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Black alone</th>
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<td>10.1</td>
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<td>11.0</td>
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<td>10.9</td>
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<td>9.5</td>
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<td>8.8</td>
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</tr>
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<tr>
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<th class="stub1" scope="row">Asian alone</th>
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<td>3.8</td>
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<td>4.1</td>
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<td>3.7</td>
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<td>3.5</td>
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<td>3.7</td>
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</tr>
|
|
<tr>
|
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<th class="stub0" scope="row">Hispanic origin</th>
|
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<td>7.7</td>
|
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<td>8.7</td>
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<td>7.2</td>
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<td>8.4</td>
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<td>6.5</td>
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</tr>
|
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<tr class="shaded">
|
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<th class="stub0" scope="row">Total number of aged units (thousands)</th>
|
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<td>32,667</td>
|
|
<td>10,178</td>
|
|
<td>7,372</td>
|
|
<td>5,593</td>
|
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<td>9,524</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="onlyNote" colspan="6">NOTE: Totals do not necessarily equal the sum of the rounded components.</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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<nav>
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<div class="chartNav"><a class="chartNext" href="#chart3">Next page</a></div>
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</nav>
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</div>
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<div class="chartArea" id="chart3">
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<p><b>The aged are an economically diverse group. </b> The median income for units aged 65 or older is $28,056, but there are wide differences within the total group. Approximately 11% have an income of under $10,000, and roughly 28% have an income of $50,000 or more.</p>
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<div class="chartCenter">
|
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<div class="chart700">
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<div class="title">Percentage with various levels of income, 2012</div>
|
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<div class="scrollChart"><img src="chart03.gif" alt="Bar chart with tabular version below." width="698" height="486" /></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, 2012</caption>
|
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<colgroup span="1" style="width:22em"></colgroup>
|
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<colgroup span="1" style="width:8em"></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 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>4.5</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>6.9</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>12.6</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>11.8</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>9.1</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>7.9</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>6.6</td>
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</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">35,000 to 39,999</th>
|
|
<td>5.1</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">40,000 to 44,999</th>
|
|
<td>4.2</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">45,000 to 49,999</th>
|
|
<td>3.8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">50,000 to 74,999</th>
|
|
<td>12.4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">75,000 to 99,999</th>
|
|
<td>6.1</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">100,000 or more</th>
|
|
<td>9.2</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="2"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="onlyNote">NOTE: Totals do not necessarily equal the sum of the rounded components.</div>
|
|
</div>
|
|
</div>
|
|
<nav>
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<div class="chartNav"><a class="chartPrevious" href="#table2">Previous page</a><a class="chartNext" href="#chart4">Next page</a></div>
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</nav>
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</div>
|
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<div class="chartArea" id="chart4">
|
|
<p><b>Income differences by age are associated with differences in marital status. </b> Median income is generally lower in older age groups. The striking differences by age are due in part to the disproportionate number of nonmarried women in older age groups.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Median income, by age and marital status, 2012</div>
|
|
<div class="scrollChart"><img src="chart04.gif" alt="Bar chart with tabular version below." width="698" height="444" /></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, by age and marital status, 2012</caption>
|
|
<colgroup span="1" style="width:6em"></colgroup>
|
|
<colgroup span="3" style="width:10em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Age</th>
|
|
<th scope="col">All units</th>
|
|
<th scope="col">Married couples</th>
|
|
<th scope="col">Nonmarried persons</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">65 to 69</th>
|
|
<td>39,599</td>
|
|
<td>62,122</td>
|
|
<td>22,194</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">70 to 74</th>
|
|
<td>31,339</td>
|
|
<td>49,866</td>
|
|
<td>19,209</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">75 to 79</th>
|
|
<td>25,244</td>
|
|
<td>41,222</td>
|
|
<td>16,908</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">80 or older</th>
|
|
<td>20,517</td>
|
|
<td>35,182</td>
|
|
<td>16,931</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="4"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
</div>
|
|
</div>
|
|
<nav>
|
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<div class="chartNav"><a class="chartPrevious" href="#chart3">Previous page</a><a class="chartNext" href="#chart5">Next page</a></div>
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|
</nav>
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</div>
|
|
<div class="chartArea" id="chart5">
|
|
<p><b>Demographic differences are associated with different levels of median income for units aged 65 or older. </b> Income is highest for married couples, who have a median income more than 2½ times that of nonmarried persons. Median income of white aged units is greater than that of Asian aged units and black aged units by 51 and 55 percent, respectively.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Median income, by marital status, race, and Hispanic origin, 2012</div>
|
|
<div class="scrollChart"><img src="chart05.gif" alt="Bar chart with tabular version below." width="698" height="443" /></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, by marital status, race, and Hispanic origin, 2012</caption>
|
|
<colgroup span="1" style="width:12em"></colgroup>
|
|
<colgroup span="1" style="width:8em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Characteristic</th>
|
|
<th scope="col">Income (dollars)</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Marital status</th>
|
|
<td> </td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Married couples</th>
|
|
<td>48,826</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Nonmarried persons</th>
|
|
<td>18,299</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Race</th>
|
|
<td> </td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">White alone</th>
|
|
<td>29,887</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Black alone</th>
|
|
<td>19,249</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Asian alone</th>
|
|
<td>19,798</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Hispanic origin</th>
|
|
<td>15,599</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="2"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
</div>
|
|
</div>
|
|
<nav>
|
|
<div class="chartNav"><a class="chartPrevious" href="#chart4">Previous page</a><a class="chartNext" href="#chart6">Next page</a></div>
|
|
</nav>
|
|
</div>
|
|
<div class="chartArea" id="chart6">
|
|
<p><b>Median real income has risen substantially over the years. </b> Between 1962 and 2012, the income of units aged 65 or older increased even when adjusted for inflation. The increase was 123.4% for married couples and 113.0% for nonmarried persons. There were disproportionate increases by race. Between 1967 and 2012, the income of whites increased by 128.6%; that of blacks increased by 108.4%.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Change in median income, by marital status and race, selected years</div>
|
|
<div class="scrollChart"><img src="chart06.gif" alt="Line chart with tabular version below." width="695" height="447" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Constant (2012) dollar median income, by marital status and race, selected years</caption>
|
|
<colgroup span="1" style="width:8em"></colgroup>
|
|
<colgroup span="4" style="width:8em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Year</th>
|
|
<th scope="col">Married couples</th>
|
|
<th scope="col">Nonmarried persons</th>
|
|
<th scope="col">White</th>
|
|
<th scope="col">Black</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">1962</th>
|
|
<td>21,857</td>
|
|
<td>8,591</td>
|
|
<td><span class="nobr">--</span></td>
|
|
<td><span class="nobr">--</span></td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1967</th>
|
|
<td>23,186</td>
|
|
<td>8,978</td>
|
|
<td>13,074</td>
|
|
<td>9,239</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1971</th>
|
|
<td>30,374</td>
|
|
<td>11,616</td>
|
|
<td>18,402</td>
|
|
<td>10,731</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1976</th>
|
|
<td>31,836</td>
|
|
<td>13,558</td>
|
|
<td>19,933</td>
|
|
<td>12,065</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1978</th>
|
|
<td>33,312</td>
|
|
<td>13,769</td>
|
|
<td>20,987</td>
|
|
<td>11,444</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1980</th>
|
|
<td>33,492</td>
|
|
<td>13,319</td>
|
|
<td>20,675</td>
|
|
<td>11,313</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1982</th>
|
|
<td>35,997</td>
|
|
<td>13,990</td>
|
|
<td>22,484</td>
|
|
<td>11,373</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1984</th>
|
|
<td>38,118</td>
|
|
<td>14,783</td>
|
|
<td>24,219</td>
|
|
<td>12,087</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1986</th>
|
|
<td>39,571</td>
|
|
<td>15,041</td>
|
|
<td>24,677</td>
|
|
<td>12,464</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1988</th>
|
|
<td>39,407</td>
|
|
<td>15,386</td>
|
|
<td>25,457</td>
|
|
<td>12,233</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1990</th>
|
|
<td>41,021</td>
|
|
<td>16,068</td>
|
|
<td>25,545</td>
|
|
<td>12,274</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1992</th>
|
|
<td>38,975</td>
|
|
<td>15,635</td>
|
|
<td>24,586</td>
|
|
<td>12,213</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1994</th>
|
|
<td>38,800</td>
|
|
<td>16,120</td>
|
|
<td>24,712</td>
|
|
<td>13,591</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1996</th>
|
|
<td>40,891</td>
|
|
<td>16,538</td>
|
|
<td>24,809</td>
|
|
<td>14,120</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1998</th>
|
|
<td>42,504</td>
|
|
<td>16,924</td>
|
|
<td>26,699</td>
|
|
<td>13,260</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2000</th>
|
|
<td>41,583</td>
|
|
<td>16,953</td>
|
|
<td>26,386</td>
|
|
<td>16,444</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2002</th>
|
|
<td>41,426</td>
|
|
<td>16,833</td>
|
|
<td>25,657</td>
|
|
<td>15,315</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2004</th>
|
|
<td>42,418</td>
|
|
<td>17,015</td>
|
|
<td>26,374</td>
|
|
<td>15,196</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2006</th>
|
|
<td>43,623</td>
|
|
<td>18,140</td>
|
|
<td>28,082</td>
|
|
<td>16,400</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2008</th>
|
|
<td>45,947</td>
|
|
<td>17,869</td>
|
|
<td>27,915</td>
|
|
<td>17,656</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2010</th>
|
|
<td>47,084</td>
|
|
<td>18,174</td>
|
|
<td>28,654</td>
|
|
<td>17,334</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2012</th>
|
|
<td>48,826</td>
|
|
<td>18,299</td>
|
|
<td>29,887</td>
|
|
<td>19,249</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="5">NOTE: -- = not available.</td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="noNotes"> </div>
|
|
</div>
|
|
</div>
|
|
<nav>
|
|
<div class="chartNav"><a class="chartPrevious" href="#chart5">Previous page</a><a class="chartNext" href="#chart8">Next page</a></div>
|
|
</nav>
|
|
</div>
|
|
<div class="chartArea" id="chart8" onfocus="window.scrollTo(0,0)">
|
|
<h1>Income Sources</h1>
|
|
<p><b>Social Security is the most common source of income for units aged 65 or older.</b> Nearly 9 out of 10 aged units receive Social Security benefits. Asset income is the next most common source of income, received by more than half of the aged. <span class="nobr">Two-fifths</span> receive retirement benefits other than Social Security, and more than <span class="nobr">one-quarter</span> have earnings. Public assistance and veterans' benefits are each received by less than 5%. Noncash benefits, including <abbr>SNAP</abbr> benefits and housing and energy assistance, are received by almost 12%.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Percentage receiving income from specified source, 2012</div>
|
|
<div class="scrollChart"><img src="chart08.gif" alt="Bar chart with tabular version below." width="699" height="474" /></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, 2012</caption>
|
|
<colgroup span="1" style="width:24em"></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>86.0</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Asset income</th>
|
|
<td>51.3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Retirement benefits other than Social Security</th>
|
|
<td>39.4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Public and private</th>
|
|
<td>2.2</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Public only</th>
|
|
<td>12.6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Private only</th>
|
|
<td>24.6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Earnings</th>
|
|
<td>28.3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Veterans' benefits</th>
|
|
<td>4.2</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Cash public assistance</th>
|
|
<td>3.6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="rowgroup">Noncash benefits</th>
|
|
<td>11.6</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="2"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
</div>
|
|
</div>
|
|
<nav>
|
|
<div class="chartNav"><a class="chartPrevious" href="#chart6">Previous page</a><a class="chartNext" href="#chart9">Next page</a></div>
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</nav>
|
|
</div>
|
|
<div class="chartArea" id="chart9">
|
|
<p><b>Social Security provides at least half of total income for a majority of beneficiary aged units. </b> In 2012, 86.8% of married couples and 85.6% of nonmarried persons aged 65 or older received Social Security benefits. Social Security was the major source of income (providing at least 50% of total income) for 52.3% of aged beneficiary couples and 73.8% of aged nonmarried beneficiaries. It was 90% or more of income for 21.6% of aged beneficiary couples and 46.8% of aged nonmarried beneficiaries. Total income excludes withdrawals from savings and <span class="nobr">lump-sum</span> payments from <abbr class="spell">IRA</abbr>s or <span class="nobr">401(k)s;</span> it also excludes <span class="nobr">in-kind</span> support, such as <abbr>SNAP</abbr> benefits and housing and energy assistance.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Percentage of aged beneficiary units receiving Social Security benefits, by relative importance of benefits to total income, 2012</div>
|
|
<div class="scrollChart"><img src="chart09.gif" alt="Bar chart with tabular version below." width="697" height="440" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Percentage of aged beneficiary units receiving Social Security benefits, by relative importance of benefits to total income, 2012</caption>
|
|
<colgroup span="1" style="width:12em"></colgroup>
|
|
<colgroup span="3" style="width:6em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col"></th>
|
|
<th scope="col">All beneficiary units</th>
|
|
<th scope="col">Beneficiary married couples</th>
|
|
<th scope="col">Nonmarried beneficiaries</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">50% or more of income</th>
|
|
<td>64.6</td>
|
|
<td>52.3</td>
|
|
<td>73.8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">90% or more of income</th>
|
|
<td>36.1</td>
|
|
<td>21.6</td>
|
|
<td>46.8</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="4"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
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</div>
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</div>
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</div>
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<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart8">Previous page</a><a class="chartNext" href="#chart10">Next page</a></div>
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<div class="chartArea" id="chart10">
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<p><b>Aged groups differ in their likelihood of receiving earnings, but not pensions. </b> Earnings are received by a greater percentage of aged units in the youngest group than in the oldest group—49.7% compared with 8.5%. In all age groups, there is little difference in the likelihood of having a public or private pension.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
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<div class="title">Percentage receiving income from earnings and pensions, by age, 2012</div>
|
|
<div class="scrollChart"><img src="chart10.gif" alt="Bar chart with tabular version below." width="697" height="425" /></div>
|
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<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 earnings and pensions, by age, 2012</caption>
|
|
<colgroup span="1" style="width:6em"></colgroup>
|
|
<colgroup span="3" style="width:10em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Age</th>
|
|
<th scope="col">Earnings</th>
|
|
<th scope="col">Private pensions</th>
|
|
<th scope="col">Public pensions</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">65 to 69</th>
|
|
<td>49.7</td>
|
|
<td>24.1</td>
|
|
<td>15.8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">70 to 74</th>
|
|
<td>30.6</td>
|
|
<td>29.0</td>
|
|
<td>14.6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">75 to 79</th>
|
|
<td>19.8</td>
|
|
<td>28.6</td>
|
|
<td>15.5</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">80 or older</th>
|
|
<td>8.5</td>
|
|
<td>26.9</td>
|
|
<td>13.6</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="4"> </td>
|
|
</tr>
|
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</tfoot>
|
|
</table>
|
|
</div>
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|
</div>
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</div>
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<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart9">Previous page</a><a class="chartNext" href="#chart11">Next page</a></div>
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<div class="chartArea" id="chart11">
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|
<p><b>Receipt of income from major sources varies by race and Hispanic origin. </b> Among units aged 65 or older, whites are more likely than Asians, blacks, or Hispanics to receive Social Security, pensions, and income from assets. Receipt of earnings varies little by race and Hispanic origin. Minority aged units are more likely to receive Supplemental Security Income (<abbr class="spell">SSI</abbr>) than are whites.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Percentage receiving income from major sources, by race and Hispanic origin, 2012</div>
|
|
<div class="scrollChart"><img src="chart11.gif" alt="Bar chart with tabular version below." width="700" height="422" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
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<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Percentage receiving income from major sources, by race and Hispanic origin, 2012</caption>
|
|
<colgroup span="1" style="width:12em"></colgroup>
|
|
<colgroup span="4" style="width:8em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Major source of income</th>
|
|
<th scope="col">White alone</th>
|
|
<th scope="col">Black alone</th>
|
|
<th scope="col">Asian alone</th>
|
|
<th scope="col">Hispanic</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">Social Security</th>
|
|
<td>87.6</td>
|
|
<td>79.3</td>
|
|
<td>68.7</td>
|
|
<td>74.8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Asset income</th>
|
|
<td>55.3</td>
|
|
<td>25.9</td>
|
|
<td>37.9</td>
|
|
<td>24.8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Pensions</th>
|
|
<td>41.1</td>
|
|
<td>33.1</td>
|
|
<td>21.4</td>
|
|
<td>19.4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Earnings</th>
|
|
<td>28.6</td>
|
|
<td>23.8</td>
|
|
<td>28.8</td>
|
|
<td>25.5</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row"><abbr class="spell">SSI</abbr></th>
|
|
<td>2.4</td>
|
|
<td>7.1</td>
|
|
<td>11.1</td>
|
|
<td>9.5</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="5"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
</div>
|
|
</div>
|
|
<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart10">Previous page</a><a class="chartNext" href="#chart12">Next page</a></div>
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</nav>
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</div>
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<div class="chartArea" id="chart12">
|
|
<p><b>Receipt of Social Security has become nearly universal. </b> In 1962, 69% of units aged 65 or older received Social Security benefits; in 2012, 86% of them did. Most of that increase occurred in the 1960s. 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 <span class="nobr">two-thirds</span> since 1980, has dropped since 1990 and leveled off since 2000. The proportion with earnings has declined since 1971 and has been between 20% and 25% since 1980. The proportion receiving public assistance has also declined and is now about a third of its 1962 level.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Change in percentage receiving income from major sources, selected years</div>
|
|
<div class="scrollChart"><img src="chart12.gif" alt="Line chart with tabular version below." width="700" height="447" /></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 major sources, selected years</caption>
|
|
<colgroup span="1" style="width:7em"></colgroup>
|
|
<colgroup span="5" style="width:8em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Year</th>
|
|
<th scope="col">Social Security</th>
|
|
<th scope="col">Pensions</th>
|
|
<th scope="col">Asset income</th>
|
|
<th scope="col">Earnings</th>
|
|
<th scope="col">Cash public assistance</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">1962</th>
|
|
<td>69</td>
|
|
<td>18</td>
|
|
<td>54</td>
|
|
<td>36</td>
|
|
<td>13</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1967</th>
|
|
<td>86</td>
|
|
<td>22</td>
|
|
<td>50</td>
|
|
<td>27</td>
|
|
<td>12</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1971</th>
|
|
<td>87</td>
|
|
<td>23</td>
|
|
<td>49</td>
|
|
<td>31</td>
|
|
<td>10</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1976</th>
|
|
<td>89</td>
|
|
<td>31</td>
|
|
<td>56</td>
|
|
<td>25</td>
|
|
<td>11</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1978</th>
|
|
<td>90</td>
|
|
<td>32</td>
|
|
<td>62</td>
|
|
<td>25</td>
|
|
<td>10</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1980</th>
|
|
<td>90</td>
|
|
<td>34</td>
|
|
<td>66</td>
|
|
<td>23</td>
|
|
<td>10</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1982</th>
|
|
<td>90</td>
|
|
<td>35</td>
|
|
<td>68</td>
|
|
<td>22</td>
|
|
<td>8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1984</th>
|
|
<td>91</td>
|
|
<td>38</td>
|
|
<td>68</td>
|
|
<td>21</td>
|
|
<td>9</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1986</th>
|
|
<td>91</td>
|
|
<td>40</td>
|
|
<td>67</td>
|
|
<td>20</td>
|
|
<td>7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1988</th>
|
|
<td>92</td>
|
|
<td>42</td>
|
|
<td>68</td>
|
|
<td>22</td>
|
|
<td>7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1990</th>
|
|
<td>92</td>
|
|
<td>44</td>
|
|
<td>69</td>
|
|
<td>22</td>
|
|
<td>7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1992</th>
|
|
<td>92</td>
|
|
<td>45</td>
|
|
<td>67</td>
|
|
<td>20</td>
|
|
<td>7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1994</th>
|
|
<td>91</td>
|
|
<td>42</td>
|
|
<td>67</td>
|
|
<td>21</td>
|
|
<td>6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1996</th>
|
|
<td>91</td>
|
|
<td>41</td>
|
|
<td>63</td>
|
|
<td>21</td>
|
|
<td>6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1998</th>
|
|
<td>90</td>
|
|
<td>43</td>
|
|
<td>63</td>
|
|
<td>21</td>
|
|
<td>5</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2000</th>
|
|
<td>90</td>
|
|
<td>41</td>
|
|
<td>59</td>
|
|
<td>22</td>
|
|
<td>5</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2002</th>
|
|
<td>90</td>
|
|
<td>41</td>
|
|
<td>55</td>
|
|
<td>22</td>
|
|
<td>5</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2004</th>
|
|
<td>89</td>
|
|
<td>41</td>
|
|
<td>55</td>
|
|
<td>24</td>
|
|
<td>4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2006</th>
|
|
<td>88.5</td>
|
|
<td>41.3</td>
|
|
<td>54.9</td>
|
|
<td>24.6</td>
|
|
<td>3.7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2008</th>
|
|
<td>87.2</td>
|
|
<td>40.7</td>
|
|
<td>54.4</td>
|
|
<td>26.4</td>
|
|
<td>3.9</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2010</th>
|
|
<td>86.3</td>
|
|
<td>39.7</td>
|
|
<td>51.9</td>
|
|
<td>26.3</td>
|
|
<td>3.7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2012</th>
|
|
<td>86.0</td>
|
|
<td>39.4</td>
|
|
<td>51.3</td>
|
|
<td>28.3</td>
|
|
<td>3.6</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="6"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="noNotes"> </div>
|
|
</div>
|
|
</div>
|
|
<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart11">Previous page</a><a class="chartNext" href="#chart13">Next page</a></div>
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<div class="chartArea" id="chart13">
|
|
<p><b>Receipt of asset income is associated with relatively high median income. </b> The median income of units aged 65 or older with asset income is more than twice that of those with no asset income ($41,809 compared with $18,203). Aged units with no asset income are concentrated in the lowest income categories—<span class="nobr">one-fifth</span> have a total income below $10,000, and approximately <span class="nobr">one-fourth</span> have an income of $30,000 or more. Among aged units with asset income, 3.7% have a total income of less than $10,000, and over half have an income of $30,000 or more.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Percentage with various levels of income, by receipt of asset income, 2012</div>
|
|
<div class="scrollChart"><img src="chart13.gif" alt="Bar chart with tabular version below." width="696" height="450" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Percentage with various levels of income, by receipt of asset income, 2012</caption>
|
|
<colgroup span="1" style="width:10em"></colgroup>
|
|
<colgroup span="2" style="width:8em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Income (dollars)</th>
|
|
<th scope="col">With asset income</th>
|
|
<th scope="col">Without asset income</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">Less than 10,000</th>
|
|
<td>3.7</td>
|
|
<td>19.7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">10,000 to 19,999</th>
|
|
<td>15.0</td>
|
|
<td>34.2</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">20,000 to 29,999</th>
|
|
<td>16.2</td>
|
|
<td>17.7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">30,000 or more</th>
|
|
<td>65.1</td>
|
|
<td>28.4</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="3"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
</div>
|
|
</div>
|
|
<nav>
|
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<div class="chartNav"><a class="chartPrevious" href="#chart12">Previous page</a><a class="chartNext" href="#chart14">Next page</a></div>
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</div>
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<div class="chartArea" id="chart14">
|
|
<p><b>Receipt of earnings and retirement benefits also affects total income. </b> About 11.0% of units aged 65 or older have no retirement benefits. Of those, 55.5% have earnings, and their median income is $55,450; 44.5% have no earnings, and their median income is $0. In the absence of earnings, median income rises markedly with the number of retirement benefit types received, from $16,199 with one retirement benefit type to $34,874 with two. For units with both earnings and retirement benefits, median income is $54,000 for those with one retirement benefit type and $72,718 for those with two.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Median income, by receipt of earnings and retirement benefits, 2012</div>
|
|
<div class="scrollChart"><img src="chart14.gif" alt="Bar chart with tabular version below." width="697" height="440" /></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, by receipt of earnings and retirement benefits, 2012</caption>
|
|
<colgroup span="1" style="width:14em"></colgroup>
|
|
<colgroup span="2" style="width:8em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Receipt of retirement benefits</th>
|
|
<th scope="col">With earnings</th>
|
|
<th scope="col">With no earnings</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">No retirement benefits</th>
|
|
<td>55,450</td>
|
|
<td>0</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">One retirement benefit type</th>
|
|
<td>54,000</td>
|
|
<td>16,199</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Two retirement benefit types</th>
|
|
<td>72,718</td>
|
|
<td>34,874</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="3"> </td>
|
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</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="onlyNote">NOTE: Retirement benefit types are Social Security, Railroad Retirement, government pension, and private pension or annuity.</div>
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</div>
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</div>
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<div class="chartArea" id="chart16" onfocus="window.scrollTo(0,0)">
|
|
<h1>Shares of Aggregate Income</h1>
|
|
<p><b>Social Security provides the largest share of aggregate income for units aged 65 or older. </b> Aggregate income for the aged population comes largely from four sources. Social Security accounts for 35.3%, earnings for 33.9%, pensions for 17.1%, and asset income for 10.5%. Only 3.0% comes from other sources.</p>
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<div class="chartCenter">
|
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<div class="chart700">
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<div class="title">Shares of aggregate income, by source, 2012</div>
|
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<div class="scrollChart"><img src="chart16.gif" alt="Pie chart described in previous paragraph." width="342" height="389" /></div>
|
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<div class="onlyNote">NOTE: Totals do not necessarily equal the sum of the rounded components.</div>
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</div>
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</div>
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<nav>
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</div>
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<div class="chartArea" id="chart17">
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<p><b>Shares of aggregate income from each source differ greatly by income level. </b> Units aged 65 or older are ranked by total money income and divided into five groups of equal size called quintiles. The largest share of income for units in the lowest quintile comes from Social Security benefits (83.2%), and cash public assistance provides the second largest share (8.1%). For units in the highest income quintile, earnings provide the largest share of income (49.9%). Pensions, Social Security, and asset income (17.2%, 15.9%, and 14.8%) are similar in importance.</p>
|
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<div class="chartCenter">
|
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<div class="chart700">
|
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<div class="title">Shares of aggregate income for the lowest and highest income quintiles, by source, 2012</div>
|
|
<div class="scrollChart"><img src="chart17.gif" alt="Two pie charts with tabular version below." width="700" height="425" /></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>Shares of aggregate income for the lowest and highest income quintiles, by source, 2012</caption>
|
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<colgroup span="1" style="width:12em"></colgroup>
|
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<colgroup span="2" style="width:12em"></colgroup>
|
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<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Source of aggregate income</th>
|
|
<th scope="col">Percentage of aggregate income for lowest quintile</th>
|
|
<th scope="col">Percentage of aggregate income for highest quintile</th>
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</tr>
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</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">Social Security</th>
|
|
<td>83.2</td>
|
|
<td>15.9</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Earnings</th>
|
|
<td>2.8</td>
|
|
<td>17.2</td>
|
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</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Pensions</th>
|
|
<td>1.4</td>
|
|
<td>14.8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Asset income</th>
|
|
<td>2.7</td>
|
|
<td>49.9</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Cash public assistance</th>
|
|
<td>8.1</td>
|
|
<td>0.0</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Other</th>
|
|
<td>1.6</td>
|
|
<td>2.0</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="3"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="firstNote">NOTES: The quintile limits for aged units for 2012 are $13,292, $22,021, $35,493, and $63,648.</div>
|
|
<div class="lastNote">Totals do not necessarily equal the sum of the rounded components.</div>
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</div>
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</div>
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<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart16">Previous page</a><a class="chartNext" href="#chart18">Next page</a></div>
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</div>
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<div class="chartArea" id="chart18">
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|
<p><b>Over time, Social Security has provided the largest share of aggregate income for units aged 65 or older. </b> In 1962, it provided the largest share, followed closely by earnings. In 2012, Social Security continued to provide the largest share, but by a wider margin compared with the other major sources of income. The share from asset income increased for over 20 years but has generally declined since the mid-1980s. The share from earnings has had the opposite pattern—declining until the mid-1980s and generally increasing since then. The share from pensions had doubled by the early 1990s but has since leveled off.</p>
|
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<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Shares of aggregate income, by source, selected years</div>
|
|
<div class="scrollChart"><img src="chart18.gif" alt="Line chart with tabular version below." width="695" height="447" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
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<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Shares of aggregate income, by source, selected years (in percent)</caption>
|
|
<colgroup span="1" style="width:7em"></colgroup>
|
|
<colgroup span="5" style="width:8em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Year</th>
|
|
<th scope="col">Social Security</th>
|
|
<th scope="col">Pensions</th>
|
|
<th scope="col">Asset income</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>9</td>
|
|
<td>16</td>
|
|
<td>29</td>
|
|
<td>15</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1967</th>
|
|
<td>34</td>
|
|
<td>12</td>
|
|
<td>15</td>
|
|
<td>29</td>
|
|
<td>10</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1976</th>
|
|
<td>39</td>
|
|
<td>16</td>
|
|
<td>18</td>
|
|
<td>23</td>
|
|
<td>4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1978</th>
|
|
<td>38</td>
|
|
<td>16</td>
|
|
<td>19</td>
|
|
<td>23</td>
|
|
<td>4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1980</th>
|
|
<td>39</td>
|
|
<td>16</td>
|
|
<td>22</td>
|
|
<td>19</td>
|
|
<td>4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1982</th>
|
|
<td>39</td>
|
|
<td>15</td>
|
|
<td>25</td>
|
|
<td>18</td>
|
|
<td>3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1984</th>
|
|
<td>38</td>
|
|
<td>15</td>
|
|
<td>28</td>
|
|
<td>16</td>
|
|
<td>3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1986</th>
|
|
<td>38</td>
|
|
<td>16</td>
|
|
<td>26</td>
|
|
<td>17</td>
|
|
<td>3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1988</th>
|
|
<td>37.9</td>
|
|
<td>17.5</td>
|
|
<td>24.8</td>
|
|
<td>17.0</td>
|
|
<td>2.8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1990</th>
|
|
<td>36.4</td>
|
|
<td>18.3</td>
|
|
<td>24.5</td>
|
|
<td>17.7</td>
|
|
<td>3.1</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1992</th>
|
|
<td>39.5</td>
|
|
<td>19.6</td>
|
|
<td>20.6</td>
|
|
<td>17.1</td>
|
|
<td>3.2</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1994</th>
|
|
<td>42.1</td>
|
|
<td>18.7</td>
|
|
<td>17.6</td>
|
|
<td>18.0</td>
|
|
<td>3.6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1996</th>
|
|
<td>40.3</td>
|
|
<td>18.5</td>
|
|
<td>18.0</td>
|
|
<td>20.0</td>
|
|
<td>3.2</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">1998</th>
|
|
<td>37.6</td>
|
|
<td>18.7</td>
|
|
<td>19.9</td>
|
|
<td>20.7</td>
|
|
<td>3.1</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2000</th>
|
|
<td>38.4</td>
|
|
<td>18.0</td>
|
|
<td>17.5</td>
|
|
<td>23.1</td>
|
|
<td>3.0</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2002</th>
|
|
<td>39.4</td>
|
|
<td>19.0</td>
|
|
<td>13.6</td>
|
|
<td>24.9</td>
|
|
<td>3.1</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2004</th>
|
|
<td>38.6</td>
|
|
<td>19.7</td>
|
|
<td>12.6</td>
|
|
<td>26.3</td>
|
|
<td>2.7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2006</th>
|
|
<td>36.7</td>
|
|
<td>17.9</td>
|
|
<td>14.9</td>
|
|
<td>27.8</td>
|
|
<td>2.7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2008</th>
|
|
<td>36.5</td>
|
|
<td>18.5</td>
|
|
<td>12.7</td>
|
|
<td>29.7</td>
|
|
<td>2.7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2010</th>
|
|
<td>36.7</td>
|
|
<td>18.6</td>
|
|
<td>11.4</td>
|
|
<td>30.2</td>
|
|
<td>3.1</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">2012</th>
|
|
<td>35.3</td>
|
|
<td>17.1</td>
|
|
<td>10.5</td>
|
|
<td>33.9</td>
|
|
<td>3.0</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="onlyNote" colspan="6">Statistic was not produced in 1971.</td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="onlyNote">NOTES: Totals do not necessarily equal the sum of the rounded components.</div>
|
|
</div>
|
|
</div>
|
|
<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart17">Previous page</a><a class="chartNext" href="#table20">Next page</a></div>
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</nav>
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</div>
|
|
<div class="chartArea" id="table20" onfocus="window.scrollTo(0,0)">
|
|
<h1>Family Income of Persons 65 or Older</h1>
|
|
<p><b>The demographic composition of the elderly varies across age groups.</b> The proportion of men to women differs little for ages <span class="nobr">65–69,</span> but women 80 or older greatly outnumber men 80 or older. Persons <span class="nobr">65–69</span> are nearly twice as likely to be married than nonmarried, but more than half of persons 80 or older are widowed. Racial and ethnic composition varies across age cohorts as well; the younger cohorts are represented by larger proportions of minorities than the older cohorts. Approximately <span class="nobr">one-fifth</span> of elderly persons live with nonspouse family, consistent across age categories.</p>
|
|
<div class="table">
|
|
<table>
|
|
<caption>Percentage distribution of persons 65 or older, 2012</caption>
|
|
<colgroup span="1" style="width:12em"></colgroup>
|
|
<colgroup span="5" style="width:5em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col"> </th>
|
|
<th scope="col">65 or older</th>
|
|
<th scope="col"><span class="nobr">65–69</span></th>
|
|
<th scope="col"><span class="nobr">70–74</span></th>
|
|
<th scope="col"><span class="nobr">75–79</span></th>
|
|
<th scope="col">80 or older</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">Sex</th>
|
|
<td colspan="5"> </td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Men</th>
|
|
<td>44.6</td>
|
|
<td>47.8</td>
|
|
<td>45.8</td>
|
|
<td>42.6</td>
|
|
<td>40.6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Women</th>
|
|
<td>55.4</td>
|
|
<td>52.2</td>
|
|
<td>54.2</td>
|
|
<td>57.4</td>
|
|
<td>59.4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Marital status</th>
|
|
<td colspan="5"> </td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Married</th>
|
|
<td>56.6</td>
|
|
<td>65.3</td>
|
|
<td>63.4</td>
|
|
<td>58.5</td>
|
|
<td>37.7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Nonmarried</th>
|
|
<td>43.4</td>
|
|
<td>34.7</td>
|
|
<td>36.6</td>
|
|
<td>41.5</td>
|
|
<td>62.3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub2" scope="row">Widowed</th>
|
|
<td>25.6</td>
|
|
<td>11.5</td>
|
|
<td>18.0</td>
|
|
<td>26.5</td>
|
|
<td>50.4</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub2" scope="row">Divorced</th>
|
|
<td>11.1</td>
|
|
<td>15.1</td>
|
|
<td>12.3</td>
|
|
<td>9.2</td>
|
|
<td>6.0</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub2" scope="row">Never married</th>
|
|
<td>4.4</td>
|
|
<td>5.4</td>
|
|
<td>4.1</td>
|
|
<td>4.0</td>
|
|
<td>3.6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Race</th>
|
|
<td colspan="5"> </td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">White alone</th>
|
|
<td>85.6</td>
|
|
<td>84.4</td>
|
|
<td>85.0</td>
|
|
<td>86.5</td>
|
|
<td>87.0</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Black alone</th>
|
|
<td>9.0</td>
|
|
<td>9.5</td>
|
|
<td>9.3</td>
|
|
<td>8.6</td>
|
|
<td>8.3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub1" scope="row">Asian alone</th>
|
|
<td>3.9</td>
|
|
<td>4.1</td>
|
|
<td>4.1</td>
|
|
<td>3.3</td>
|
|
<td>3.7</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Hispanic origin</th>
|
|
<td>7.4</td>
|
|
<td>8.2</td>
|
|
<td>7.1</td>
|
|
<td>7.7</td>
|
|
<td>6.4</td>
|
|
</tr>
|
|
<tr class="topPad1">
|
|
<th class="stub0" scope="row">Living with nonspouse family</th>
|
|
<td>22.3</td>
|
|
<td>23.2</td>
|
|
<td>20.8</td>
|
|
<td>20.5</td>
|
|
<td>23.7</td>
|
|
</tr>
|
|
<tr class="shaded">
|
|
<th class="stub0" scope="row">Total number of aged persons (thousands)</th>
|
|
<td>43,287</td>
|
|
<td>14,437</td>
|
|
<td>10,264</td>
|
|
<td>7,598</td>
|
|
<td>10,988</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="onlyNote" colspan="6">NOTE: Totals do not necessarily equal the sum of the rounded components.</td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<nav>
|
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<div class="chartNav"><a class="chartPrevious" href="#chart18">Previous page</a><a class="chartNext" href="#chart21">Next page</a></div>
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</nav>
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</div>
|
|
<div class="chartArea" id="chart21">
|
|
<p><b>The aged are an economically diverse group. </b> The median family income for persons aged 65 or older is $39,196, but there are wide differences within the total group. Approximately 5.9% have family income of under $10,000, and roughly 35.3% have family income of $50,000 or more.</p>
|
|
<div class="chartCenter">
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<div class="chart700">
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<div class="title">Percentage with various levels of family income, 2012</div>
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<div class="scrollChart"><img src="chart21.gif" alt="Bar chart with tabular version below." width="698" height="485" /></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 family income, 2012</caption>
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<colgroup span="1" style="width:20em"></colgroup>
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<colgroup span="1" style="width:10em"></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">Percent</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>2.2</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>3.7</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>7.7</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>8.5</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>7.8</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>8.1</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>7.0</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>5.9</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>4.9</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>4.8</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">50,000 to 74,999</th>
|
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<td>16.1</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">75,000 to 99,999</th>
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<td>8.9</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">100,000 or more</th>
|
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<td>14.4</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="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="firstNote">NOTES: Totals do not necessarily equal the sum of the rounded components.</div>
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<div class="lastNote">Family income of persons 65 or older tends to be higher than the income of aged units 65 or older because it includes income from all family members, not just a spouse. In addition, each elderly person counts individually rather than as part of a marital unit; statistics based on aged units give greater weight to nonmarried persons as compared to statistics based on persons.</div>
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</div>
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</div>
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<nav>
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<div class="chartNav"><a class="chartPrevious" href="#table20">Previous page</a><a class="chartNext" href="#chart22">Next page</a></div>
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</nav>
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</div>
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<div class="chartArea" id="chart22">
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<p><b>Family total income varies by age and sex.</b> Median family total income is highest for the youngest cohorts. In addition, in all age groups, women have lower median family total income than men, from $47,749 for woman aged 65 to 69 to $25,328 for women aged 80 or older.</p>
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<div class="chartCenter">
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<div class="chart700">
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<div class="title">Median family income, by sex and age, 2012</div>
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<div class="scrollChart"><img src="chart22.gif" alt="Bar chart with tabular version below." width="698" height="443" /></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>Median family income, by sex and age, 2012</caption>
|
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<colgroup span="1" style="width:12em"></colgroup>
|
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<colgroup span="3" style="width:8em"></colgroup>
|
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<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Age</th>
|
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<th scope="col">All persons</th>
|
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<th scope="col">Men</th>
|
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<th scope="col">Women</th>
|
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</tr>
|
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</thead>
|
|
<tbody>
|
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<tr>
|
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<th class="stub0" scope="row">65 to 69</th>
|
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<td>51,074</td>
|
|
<td>56,681</td>
|
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<td>47,749</td>
|
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</tr>
|
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<tr>
|
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<th class="stub0" scope="row">70 to 74</th>
|
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<td>41,469</td>
|
|
<td>47,342</td>
|
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<td>37,008</td>
|
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</tr>
|
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<tr>
|
|
<th class="stub0" scope="row">75 to 79</th>
|
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<td>34,404</td>
|
|
<td>40,998</td>
|
|
<td>29,998</td>
|
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</tr>
|
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<tr>
|
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<th class="stub0" scope="row">80 or older</th>
|
|
<td>28,798</td>
|
|
<td>33,600</td>
|
|
<td>25,328</td>
|
|
</tr>
|
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</tbody>
|
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<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="4"> </td>
|
|
</tr>
|
|
</tfoot>
|
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</table>
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</div>
|
|
<div class="onlyNote">NOTE: Family income of persons 65 or older tends to be higher than the income of aged units 65 or older because it includes income from all family members, not just a spouse. In addition, each elderly person counts individually rather than as part of a marital unit; statistics based on aged units give greater weight to nonmarried persons as compared to statistics based on persons.</div>
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</div>
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</div>
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<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart21">Previous page</a><a class="chartNext" href="#chart23">Next page</a></div>
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</nav>
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</div>
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<div class="chartArea" id="chart23">
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<p><b>Family median income varies by sex, race, and Hispanic origin.</b> Median family income of men is roughly <span class="nobr">one-third</span> higher than it is for women. Asians have the highest median family income, followed by whites, Hispanics, and blacks.</p>
|
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<div class="chartCenter">
|
|
<div class="chart700">
|
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<div class="title">Median family income, by sex, race, and Hispanic origin, 2012</div>
|
|
<div class="scrollChart"><img src="chart23.gif" alt="Bar chart with tabular version below." width="698" height="440" /></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>Median family income, by sex, race, and Hispanic origin, 2012</caption>
|
|
<colgroup span="1" style="width:20em"></colgroup>
|
|
<colgroup span="1" style="width:10em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Sex, race, or Hispanic origin</th>
|
|
<th scope="col">Dollars</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">All persons</th>
|
|
<td>39,196</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Men</th>
|
|
<td>45,398</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Women</th>
|
|
<td>34,613</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">White alone</th>
|
|
<td>39,711</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Black alone</th>
|
|
<td>30,049</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Asian alone</th>
|
|
<td>54,399</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Hispanic</th>
|
|
<td>31,122</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="2"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="onlyNote">NOTE: Family income of persons 65 or older tends to be higher than the income of aged units 65 or older because it includes income from all family members, not just a spouse. In addition, each elderly person counts individually rather than as part of a marital unit; statistics based on aged units give greater weight to nonmarried persons as compared to statistics based on persons.</div>
|
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</div>
|
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</div>
|
|
<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart22">Previous page</a><a class="chartNext" href="#chart24">Next page</a></div>
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</nav>
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</div>
|
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<div class="chartArea" id="chart24">
|
|
<p><b>Family income sources vary by sex.</b> Men are more likely than women to be in families receiving income from any source other than Social Security and public assistance. </p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Family income source, by sex, 2012</div>
|
|
<div class="scrollChart"><img src="chart24.gif" alt="Bar chart with tabular version below." width="700" 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>Family income source, by sex, 2012</caption>
|
|
<colgroup span="1" style="width:22em"></colgroup>
|
|
<colgroup span="3" style="width:8em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Source of income</th>
|
|
<th scope="col">All persons</th>
|
|
<th scope="col">Men</th>
|
|
<th scope="col">Women</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">Social Security</th>
|
|
<td>87.5</td>
|
|
<td>86.3</td>
|
|
<td>88.6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Asset income</th>
|
|
<td>56.2</td>
|
|
<td>58.8</td>
|
|
<td>54.1</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Retirement benefits other than Social Security</th>
|
|
<td>42.9</td>
|
|
<td>45.3</td>
|
|
<td>40.9</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Earnings</th>
|
|
<td>39.6</td>
|
|
<td>43.1</td>
|
|
<td>36.8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Veterans' benefits</th>
|
|
<td>4.7</td>
|
|
<td>6.1</td>
|
|
<td>3.6</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Cash public assistance</th>
|
|
<td>4.6</td>
|
|
<td>3.9</td>
|
|
<td>5.2</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Noncash benefits</th>
|
|
<td>9.9</td>
|
|
<td>7.8</td>
|
|
<td>11.6</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="4"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="onlyNote">NOTE: Family income of persons 65 or older tends to be higher than the income of aged units 65 or older because it includes income from all family members, not just a spouse. In addition, each elderly person counts individually rather than as part of a marital unit; statistics based on aged units give greater weight to nonmarried persons as compared to statistics based on persons.</div>
|
|
</div>
|
|
</div>
|
|
<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart23">Previous page</a><a class="chartNext" href="#chart25">Next page</a></div>
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</nav>
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</div>
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<div class="chartArea" id="chart25">
|
|
<p><b>Social Security was the major source of family total income for slightly more than half of persons 65 or older in families receiving benefits.</b> For about <span class="nobr">one-quarter</span> of the elderly, Social Security was most of family total income. Social Security was the predominant source of family income for <span class="nobr">one-fifth</span> of elderly men in beneficiary families and over <span class="nobr">one-quarter</span> of elderly women in beneficiary families. Social Security accounted for less than half of family income for nearly half of the elderly men in beneficiary families and 41.1% of elderly women in beneficiary families.</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Percentage of aged persons in families receiving Social Security benefits, by sex and relative importance of family benefits to family total income, 2012</div>
|
|
<div class="scrollChart"><img src="chart25.gif" alt="Bar chart with tabular version below." width="700" height="425" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Percentage of aged persons in families receiving Social Security benefits, by sex and relative importance of family benefits to family total income, 2012</caption>
|
|
<colgroup span="1" style="width:15em"></colgroup>
|
|
<colgroup span="3" style="width:8em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col"></th>
|
|
<th scope="col">All persons</th>
|
|
<th scope="col">Men</th>
|
|
<th scope="col">Women</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">50% or more of income</th>
|
|
<td>55.9</td>
|
|
<td>52.1</td>
|
|
<td>58.9</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">90% or more of income</th>
|
|
<td>26.7</td>
|
|
<td>23.0</td>
|
|
<td>29.6</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="4"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
<div class="onlyNote">NOTE: Family income of persons 65 or older tends to be higher than the income of aged units 65 or older because it includes income from all family members, not just a spouse. In addition, each elderly person counts individually rather than as part of a marital unit; statistics based on aged units give greater weight to nonmarried persons as compared to statistics based on persons.</div>
|
|
</div>
|
|
</div>
|
|
<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart24">Previous page</a><a class="chartNext" href="#chart28">Next page</a></div>
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</nav>
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</div>
|
|
<div class="chartArea" id="chart28" onfocus="window.scrollTo(0,0)">
|
|
<h1>Poverty Status, Based on Family Income</h1>
|
|
<p><b>High proportions of nonmarried and minority persons aged 65 or older are poor or near poor.</b> The variations in family income by sex, marital status, and race are reflected in the poverty rates for those subgroups of the aged. Nonmarried persons, blacks, and Hispanics have the highest poverty rates, ranging from 15.2% to 20.6%. An additional 8.8% to 9.0% of nonmarried persons, blacks, and Hispanics have incomes between the poverty line and 125% of the poverty line (the near poor).</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Poverty status, by sex, marital status, race, and Hispanic origin, 2012</div>
|
|
<div class="scrollChart"><img src="chart28.gif" alt="Bar chart with tabular version below." width="699" height="450" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
|
<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Poverty status, by sex, marital status, race, and Hispanic origin, 2012 (in percent)</caption>
|
|
<colgroup span="1" style="width:20em"></colgroup>
|
|
<colgroup span="2" style="width:10em"></colgroup>
|
|
<thead>
|
|
<tr>
|
|
<th class="stubHeading" scope="col">Sex, marital status, race, or Hispanic origin</th>
|
|
<th scope="col">Poor</th>
|
|
<th scope="col">Near poor</th>
|
|
</tr>
|
|
</thead>
|
|
<tbody>
|
|
<tr>
|
|
<th class="stub0" scope="row">All persons</th>
|
|
<td>9.1</td>
|
|
<td>5.5</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Men</th>
|
|
<td>6.6</td>
|
|
<td>4.3</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Women</th>
|
|
<td>11.0</td>
|
|
<td>6.5</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Married</th>
|
|
<td>4.4</td>
|
|
<td>2.8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Nonmarried</th>
|
|
<td>15.2</td>
|
|
<td>9.0</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">White alone</th>
|
|
<td>7.8</td>
|
|
<td>5.1</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Black alone</th>
|
|
<td>18.2</td>
|
|
<td>8.9</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Asian alone</th>
|
|
<td>12.3</td>
|
|
<td>4.8</td>
|
|
</tr>
|
|
<tr>
|
|
<th class="stub0" scope="row">Hispanic</th>
|
|
<td>20.6</td>
|
|
<td>8.8</td>
|
|
</tr>
|
|
</tbody>
|
|
<tfoot>
|
|
<tr>
|
|
<td class="noNotes" colspan="3"> </td>
|
|
</tr>
|
|
</tfoot>
|
|
</table>
|
|
</div>
|
|
</div>
|
|
</div>
|
|
<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart25">Previous page</a><a class="chartNext" href="#chart29">Next page</a></div>
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<div class="chartArea" id="chart29">
|
|
<p><b>The oldest age group (80 or older) has the highest poverty rate. </b> In keeping with the lower family income of older age groups, those groups generally have higher rates of poverty and near poverty (income between the poverty line and 125% of the poverty line).</p>
|
|
<div class="chartCenter">
|
|
<div class="chart700">
|
|
<div class="title">Poverty status, by age, 2012</div>
|
|
<div class="scrollChart"><img src="chart29.gif" alt="Bar chart with tabular version below." width="698" height="443" /></div>
|
|
<div class="table altTable"><a class="altToggle" href="">Show as table</a>
|
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<table>
|
|
<caption><span class="tableNumber">Table equivalent for chart. </span>Poverty status, by age, 2012 (in percent)</caption>
|
|
<colgroup span="1" style="width:10em"></colgroup>
|
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<colgroup span="2" style="width:8em"></colgroup>
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<thead>
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<tr>
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<th class="stubHeading" scope="col">Age</th>
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<th scope="col">Poor</th>
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<th scope="col">Near 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">65 to 69</th>
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<td>7.8</td>
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<td>3.8</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">70 to 74</th>
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<td>8.1</td>
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<td>4.8</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">75 to 79</th>
|
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<td>9.4</td>
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<td>6.6</td>
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</tr>
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<tr>
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<th class="stub0" scope="row">80 or older</th>
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<td>11.4</td>
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<td>7.7</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>
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</div>
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<nav>
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<div class="chartNav"><a class="chartPrevious" href="#chart28">Previous page</a></div>
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</nav>
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</div>
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<div id="definitions" class="chartArea" onfocus="window.scrollTo(0,0)">
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<h2>Definitions and Notes</h2>
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<h3>Income Sources</h3>
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<div class="indent1">
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<p><b>Asset income</b> includes interest, dividends, income from estates or trusts, and net rental income or royalties.</p>
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<p><b>Cash public assistance</b> includes Supplemental Security Income and other cash public assistance payments low-income people receive, such as Aid to Families with Dependent Children (<abbr class="spell">AFDC</abbr>, <abbr class="spell">ADC</abbr>), temporary assistance to needy families (<abbr title="TAN F">TANF</abbr>), general assistance, and emergency assistance.</p>
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<p><b>Earnings</b> is the sum of income from wages and salaries and income from self-employment.</p>
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<p><b>Noncash benefits</b> include Supplemental Nutrition Assistance Program benefits (<abbr>SNAP</abbr> benefits formerly known as food stamps), energy assistance, and housing assistance. Noncash benefits are not included as money income for public assistance or total income.</p>
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<p><b>Retirement benefits</b> include Social Security, other public sources such as Railroad Retirement and government employee pensions (military, federal, state, and local), and private pensions and annuities.</p>
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<p><b>Social Security</b> includes retired-worker benefits, dependent or survivor benefits, disability benefits, transitionally insured benefits, and special <span class="nobr">age-72</span> benefits.</p>
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<p><b>Pensions</b> include regular payments from private pensions and annuities; government employee pensions; Railroad Retirement; and individual retirement accounts (<abbr class="spell">IRA</abbr>s), Keoghs, and <span class="nobr">401(k)</span> plans. Irregular withdrawals <span class="nobr">(lump-sum</span> payments) from <abbr class="spell">IRA</abbr>s, Keoghs, and <span class="nobr">401(k)</span> plans are not included in the data because they do not fit the Census Bureau's definition of money income.</p>
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</div>
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<h3>Income</h3>
|
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<div class="indent1">
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<p><b>Total money income</b> is the sum of all income received by the aged unit before any deductions such as taxes, union dues, or Medicare premiums. Total money income does not reflect nonmoney transfers such as <abbr>SNAP</abbr> benefits, health benefits, subsidized housing, payments in kind, or fringe benefits from one's employment. Total money income does not include capital gains or losses, or irregular withdrawals <span class="nobr">(lump-sum</span> payments) from <abbr class="spell">IRA</abbr>s, Keoghs, or <span class="nobr">401(k)</span> plans.</p>
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<p><b>Aggregate income</b> is the sum of the total money income of all aged units in the population of interest. Several charts in this book present the shares of aggregate income attributable to specific sources, such as Social Security.</p>
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</div>
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<h3>Source of Data</h3>
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<div class="indent1">
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<p>Data for this series are from the March Current Population Survey (<abbr class="spell">CPS</abbr>) of the <abbr>U.S.</abbr> Census Bureau. The <abbr class="spell">CPS</abbr> samples a large cross section of households in the United States each year (approximately 98,000 in March 2013). The March supplement gathers detailed information on income and labor force participation of each person 15 years of age or older in the sample households.</p>
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</div>
|
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<h3>General Notes</h3>
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<div class="indent1">
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<p>This publication covers the population aged 65 or older. The unit of analysis here, with the exception of the measures of poverty and family income of persons, is the aged unit, which is a married couple living together or a person who does not live with a spouse. A married couple's age is defined as the age of the husband—unless he is under age 55 and the wife is 55 or older, in which case it is the age of the wife. The race and Hispanic origin of a married couple are determined by the husband. The unit of analysis for family income of persons and poverty is persons aged 65 or older.</p>
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<p>Beginning with data for 2002, respondents may identify themselves in more than one racial group. The “White alone” and “Black alone” categories reflect respondents who reported only one race.</p>
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<p>All years are calendar years.</p>
|
|
<p>Nonmarried men and nonmarried women include persons who are separated or married but living apart from their spouse.</p>
|
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<p class="bottomPad">Persons of Hispanic origin may be of any race.</p>
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</div>
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</div>
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</div>
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