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% |
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.