Information Center

Income Received By Different Groups

03/23/21

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. Sources for these figures can be found at the bottom of the page.

Income Differences by Age

In 2019, half of all individuals age 65 to 69 received less than $32,711 in yearly income, compared to the $23,581 received by people age 75 and older.

 

Table 3. Median annual income, by age
Age Individuals, 2019 Households, 2019 Aged units, 2014
65+ $27,398 $47,357 $30,193
65-69 $32,711  

$56,632

$40,013
70-74 $29,011 $34,704
75+ $23,581 $37,335 N/A
80+ N/A N/A $22,232

 

Income Differences by Marital Status

In 2019, half of all married couples age 65 and over received less than $74,695 in yearly income, compared to $26,946 for nonmarried persons.

 

Table 4. Median annual income, by marital status, 65+
Demographic unit Married couples Nonmarried persons Nonmarried men Nonmarried women
Households, 2019 $74,695 $26,946 $31,069 $24,079
Aged Units, 2014 $54,860 $19,656 $31,493 $24,768

 

Income Differences by Gender

In 2019, half of all men age 65 and over received less than $36,921 in yearly income, contrasted with $21,815 for women.

Table 5. Median annual income, by gender, 65+
Gender Individuals, 2019 Households, 2019
Men $36,921 $33,515
Women $21,815 $24,779
Total $27,398 $47,357

 

Income Differences by Race and Ethnicity

In 2019, half of all Hispanics age 65 and older received less than $17,105 in yearly income, contrasted with $30,157 for whites.

Table 6. Median annual income, by race or ethnicity, 65+
Demographic group Individuals, 2019 Households, 2019
White (Non-Hispanic) $30,157 $49,558
African American $20,265 $31,553
Hispanic $17,105 $32,331
Total $27,398 $47,357

 

For More Statistics on the Income of Older Adults:

Sources

Table 3. Income Differences by Age

Table 4. Income Differences by Marital Status

Table 5. Income Differences by Gender

Table 6. Income Differences by Race and Ethnicity

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