Income of the Aged Chartbook, 1996

 
Percentage with various levels of income, 1996
Income (dollars) Percentage of
aged units
Less than 5,000 6
5,000 to 9,999 23
10,000 to 14,999 18
15,000 to 19,999 13
20,000 to 24,999 9
25,000 to 29,999 7
30,000 to 34,999 5
35,000 to 39,999 4
40,000 to 44,999 3
45,000 to 49,999 2
50,000 or more 10
 
Poverty status, by marital status, race, and Hispanic origin, 1996 (in percent)
Marital status, race,
or Hispanic origin		 Poor Near
poor
Married persons 4 4
Nonmarried men 13 10
Nonmarried women 20 13
White 9 7
Black 25 11
Hispanic a 24 12
a. Persons of Hispanic origin may be of any race.
Percent of persons poor, by marital status
Age Married
persons		 Nonmarried
persons
65–69 4 19
70–74 4 18
75–79 5 21
80–84 5 20
85 or older 5 21
 
Percentage receiving income from specified source, 1996
Source of income Percent
Social Security 91
Asset income 63
Retirement benefits other than Social Security a 41
Private only 28
Other public only 11
Both 2
Earnings 21
Public assistance 6
Veterans' benefits 5
a. Includes private pensions and annuities, government emmployee pensions, Railroad Retirement, and IRA, Keogh, and 401(k) payments.
Percent of persons
Marital status and race Poor with
Social Security		 Kept out of
poverty by
Social Security
Total beneficiaries 9 41
Married 3 38
Nonmarried 16 44
White 8 41
Black 24 38
 
Size of total income (in thousands)
Total income Percent with
asset income		 Percent without
asset income
Less than $10 14 54
$10 - $19 32 32
$20 - $29 21 8
$30 or more 33 6
 
Median income (in thousands)
Retirement benefits With earnings Without earnings
No retirement benefits 33,638 490
One retirement benefit 26,982 10,054
Two or more retirement benefits 37,996 23,164
 
Percent of units
Age Earnings Private
pensions		 Other
pensions
65–69 39 31 15
70–74 23 35 15
75–79 13 30 15
80–84 7 27 11
85 or older 4 20 10
 
Percent of units
Source White Black Hispanic a
Social Security 92 83 73
Asset income 67 33 27
Pensions b 43 32 20
Earnings 21 17 18
SSI 4 14 22
NOTE: SSI = Supplemental Security Income.
a. Persons of Hispanic origin may be of any race.
b. Includes private pensions and annuities, government employee pensions, Railroad Retirement, and IRA, Keogh, and 401(k) payments.