Social Security is important to all racial and ethnic groups, while pensions make biggest difference for blacks: Mean annual income of people age 65 and older by race and ethnicity, 2014
| Race/ Ethnicity | Earnings | Social Security | Public pensions | Private pensions | 401(k)s, IRAs, etc. | Asset income | Other | Total |
|---|---|---|---|---|---|---|---|---|
| All | $10,119 | $12,232 | $2,840 | $3,131 | $966 | $4,019 | $1,590 | $34,897 |
| Hispanic | $7,146 | $8,937 | $1,321 | $1,281 | $281 | $1,491 | $1,496 | $21,954 |
| Black non-Hispanic | $6,594 | $10,552 | $2,732 | $2,622 | $136 | $1,424 | $1,919 | $25,978 |
| White non-Hispanic | $10,816 | $12,958 | $3,065 | $3,457 | $1,162 | $4,653 | $1,549 | $37,659 |
Note: See box in text defining income sources.
Source: EPI analysis of U.S. Census Bureau's Current Population Survey Annual Social and Economic Supplement microdata
