Income of the Elderly Population : 2002

This article reviews data on the older population's income and how it has changed over time, as well as how the elderly's reliance on these sources varies across income levels. In 2002, the median income of the elderly was $13,994, down from $14,105 in 1998. Social Security accounted for 42.5 percent of their income, on average; pension and retirement plan income, 20.2 percent; income from assets, 14.0 percent; and earnings, 21.1 percent. The PDF for the above title, published in the November 2003 issue of EBRI Notes, also contains the fulltext of another November 2003 EBRI Notes article abstracted on SSRN: "Uninsured Rose in 2002 as Number of Americans With Employment Based Health Benefits Declined."