Topics in Aging: Income and Poverty Among Older Americans in 2004

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Older Americans are an economically diverse group. In 2004, the median income of individuals age 65 and over was $15,199, but incomes varied widely around this average. Twenty-eight percent of Americans 65 or older had incomes of less than $10,000 in 2004, while 10% had incomes of $50,000 or more. As Congress considers reforms to Social Security and the laws governing pensions and retirement savings plans, it may be helpful to consider how changes to one income source would affect each of the others, and thus the total income of older Americans

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Whitman, Debra B. & Purcell, Patrick J. November 7, 2005.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by the UNT Libraries Government Documents Department to the UNT Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 73 times. More information about this report can be viewed below.

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Older Americans are an economically diverse group. In 2004, the median
income of individuals age 65 and over was $15,199, but incomes varied widely
around this average. Twenty-eight percent of Americans 65 or older had incomes of
less than $10,000 in 2004, while 10% had incomes of $50,000 or more. As Congress
considers reforms to Social Security and the laws governing pensions and retirement
savings plans, it may be helpful to consider how changes to one income source would
affect each of the others, and thus the total income of older Americans

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23 p.

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Congressional Research Service Reports

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  • November 7, 2005

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  • Dec. 21, 2005, 4:23 p.m.

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  • Aug. 25, 2021, 6:35 p.m.

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Whitman, Debra B. & Purcell, Patrick J. Topics in Aging: Income and Poverty Among Older Americans in 2004, report, November 7, 2005; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metacrs7891/: accessed April 24, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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