The Employment Benefit Research Institute has released an interesting data set on the income of elderly Americans in its June report. As of 2008, the average total income for Americans over 65 was $28,778--up $2,105 from 2004. Here's a look at the trend from 1974-2008:
The largest source of income, on average, for elderly is Old-Age, Survivors, and Disability Insurance (OASDI). OASDI accounts for nearly 40% of income, followed by earnings, at nearly 26%. Here is the breakdown among the highest 20% of earners and the lowest 20%:
Read the report here. (Hat tip to Catherine Rampall of the Economix blog at the New York Times).
Posted
06-09-2010 6:44 AM
by
Graham Griffith
Filed under: economix, income distribution, income, earnings, social security, elderly income, old age, oasdi, real income, elderly, Employment Benefit Research Institute