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Wealth, Income, and Poverty

Income of the Population 55 or Older, 2006

Publication

This report provides a broad income picture of a cross section of the population aged 55 or older, with special emphasis on income of the population aged 65 or older. The tabulations focus on the major sources and amounts of income in 2006, both separately and combined, for those age groups.

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Income and Assets of Older Americans

Publication

This PowerPoint presentation is part of the Aging Seminar Series, which examines important issues in aging policy and their implications for Congress.

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Income and Poverty Among Older Americans in 2007

Publication

As Congress considers reforms to Social Security and the laws governing pensions and retirement savings plans, it may be helpful to examine how changes to one income source would affect each of the others, and thus the total income of older Americans.

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Older Workers: Employment and Retirement Trends

Publication

This report begins by describing the change in the age distribution of the U.S. population that will occur between 2005 and 2025 and by summarizing the historical data on the labor force participation of older workers.

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Typical Wealth Held by Those at the Verge of Retirement

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A great way to assess how well adults have accumulated wealth is to look at their finances in the years shortly before they retire. We show wealth among households with an adult age 57–61 in 2004, using the Health and Retirement Study.

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Who is Ready for Retirement, How Ready, and How Can We Know?

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Recent literature on retirement income adequacy among boomers is examined in this AARP Public Policy Institute Issue Paper...The paper underscores the impact of marital status and education level on standard of living in retirement.

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How Many Struggle to Get By in Retirement?

Publication

This paper uses data from the 2004 Health and Retirement Study to demonstrate how the poverty rate of adults age 65 and older changes using alternative resource and threshold measures.

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Income and Poverty Among Older Americans in 2006

Publication

As Congress considers reforms to Social Security and the laws governing pensions and retirement savings plans, it may be helpful to examine how changes to one income source would affect each of the others, and thus the total income of older Americans.

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Consumer Spending by Older Americans, 1985 to 2005

Publication

This CRS report presents data on spending by Americans aged 55 and older collected by the U.S. Department of Labor through its Consumer Expenditure Survey (CES). From 1985 to 2005, the average annual expenditures of older Americans rose along with their incomes, and the distribution of spending among expenditure categories changed.

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Is There Really a Retirement Savings Crisis? An NRRI Analysis

Publication

This brief summarizes an exercise that reconciles seemingly contradictory conclusions of studies that seek to determine whether or not households will have enough to live on in retirement. It demonstrates the importance of the age group and time period being examined.

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