Figure 20

Social Security is the most important source of income for seniors: Annual income of people age 65 and older by source, 2014

Measure Mean Median of people with specified income Share with income (right axis)
Earnings  $10,119 $29,900 22%
Social Security  $12,232 $14,400 82%
Public pensions  $2,840 $16,800 12%
Private pensions  $3,131 $9,00 22%
 401(k)s, IRAs, etc.  $966 $5,400 8%
Asset income  $4,019 $325 61%
 Other  $1,590 $4,800 17%

 

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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.

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