December 13, 2012

Household Income Distribution for Senior Citizens

Most senior citizens, aged 65 or older, have relatively low household incomes.    Median household income for people over 65 years is just $33,118 compared to a median of $50,054 for the entire population. 

I got 2011 data from the Census Current Population Survey Table HINC-02. Age of Householder--Households, by Total Money Income in 2011, Type of Household, Race and Hispanic Origin of Householder 

The census data breaks it down into chunks of $5,000 up to $200,000.  But I'll show it in fewer chunks to simplify.

 Here it is broken in a couple charts :


50% of senior households have income between $5,000 and $30,000.

18% of seniors make under $15,000 a year.   
11% of senior households have incomes of $100,000 or more.   
At the top, 2% of seniors take in $200,000 or more.


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