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.
Find more facts of interest to you in our Aging & Work Facts Database »
Follow the Sloan Center on Aging & Work