Figure 22

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
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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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