Silver Book Fact

Sources of income for older adults, 2012

The largest source of income for older persons in 2012 was Social Security, followed by assets, private pensions, government employee pensions, and earnings.

 

Administration on Aging. A Profile of Older Americans: 2014; 2015. http://www.aoa.acl.gov/Aging_Statistics/Profile/2014/docs/2014-Profile.pdf. Accessed July 1, 2015

Reference

Title
A Profile of Older Americans: 2014
Publication Date
2015
Authors
Administration on Aging
URL
Read Full Resource

Categories

  • Today's Older Population

Related Facts

  • 90+ population between 1980 and 2010
    The 720,000 people aged 90 and over in 1980 almost tripled to 1.9 million in 2010.  
  • Disability Increases with Age
    “Disability increases with age. In 2014, 42 percent of people age 85 and over reported any disability, compared with 17 percent of people ages 65–74. People age 85 and over…  
  • Medicare beneficiaries over age 65 and 85 in 2003
    51% of non-institutionalized Medicare beneficiaries age 65 and older in 2003 were between 65 and 74 years old; 12% were age 85 and older.  
  • Older Americans in nursing homes
    Around 1.3 million elderly Americans are currently in nursing homes (around half are age 85 and older).  
  • The aging baby boomers
    The baby boomer group now includes about 78 million Americans–27 million are ages 55-62 and 51 million ages 44-54.