Jump to Navigation
Jump to Content

Income Received By Different Groups

For a clearer picture of the economic status of today’s older adults, it is helpful to look at breakdowns of statistics by age, marital status, gender, and race, in addition to looking at overall income figures.

Income Differences by Age

In 2016, half of all individuals age 65 to 69 received less than $26,539 in yearly income, compared to the $24,830 received by people age 75 and older.

Table 3. Median annual income, by age

Age

Individuals, 2016

Households, 2016

Aged units, 2014

65+

$23,394

$39,823

$30,193

65-69

$26,539

 

$49,072

$40,013

70-74

$27,754

$34,704

75+

$24,830

$31,313

N/A

80+

N/A

N/A

$22,232

Income Differences by Marital Status

In 2016, half of all married couples age 65 and over received less than $61,358 in yearly income, compared to $23,879 for nonmarried persons.

Table 4. Median annual income, by marital status, 65+

Demographic unit

Married couples

Nonmarried persons

Nonmarried men

Nonmarried women

Households, 2016

$61,358

$23,879

$27,042 $22,592

Aged Units, 2014

$54,860

$19,656

$31,493

$24,768

Income Differences by Gender

In 2016, half of all men age 65 and over received less than $31,618 in yearly income, contrasted with $18,380 for women.

Table 5. Median annual income, by gender, 65+

Gender

Individuals, 2016

Households, 2016

Men

$31,618

$27,042

Women

$18,380

$22,592

Total

$23,394

$39,823

Income Differences by Race and Ethnicity

In 2016, half of all Hispanics age 65 and older received less than $15,353 in yearly income, contrasted with $24,340 for whites.

Table 6. Median annual income, by race or ethnicity, 65+

Demographic group

Individuals, 2016

Households, 2016

White (Non-Hispanic)

$24,340

$41,776

African American

$17,536

$26,434

Hispanic

$15,353

$30,821

Total

$23,394

$39,823

 

print