Topics in Aging: Income and Poverty Among Older Americans in 2004
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This report describes the income and poverty status of the 35.2 million Americans age 65 and older living in the community in 2004.1 Older persons receive income from a variety of sources, including earnings, pensions, personal savings, and public programs such as Social Security and Supplemental Security Income. The substantial variation in the number of people receiving income from each source and the amounts they receive from each source are the main topics of this report. Using data from the March 2005 Current Population Survey, we describe both the number of elderly receiving income from each of 10 major sources and the extent to which income from each source is either concentrated at the high- or low-end of the income distribution or is more evenly distributed among the elderly population.