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Fact-of-the-Week: 4 April 2011


fact of the week

SOCIAL SECURITY PRIMARY INCOME FOR POOR OLDER ADULTS


Among adults 65 years and older, "Social Security accounted for at least 70% of the cash income of poor and near-poor older adults, while earnings [wages] accounted for 9.9%. Earnings were more important for higher-income older adults, accounting for 42.4% of their income, while social security income provided 28.8% of their income," according to a 2010 analysis of data from the U.S. Current Population Survey.


Issa, P., & Zedlewski, S. R. (2011). Poverty among older Americans, 2009. (Retirement Data Security Brief No. 2011-1). Washington, DC: Urban Institute. Retrieved from http://www.urban.org/uploadedpdf/412296-Poverty-Among-Older-Americans.pdf