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. https://www.acl.gov/sites/default/files/Aging%20and%20Disability%20in%20America/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

  • Out-of-pocket health care expenditures for older Americans, 2009
    In 2009, older Americans had average out-of-pocket health care expenditures of $4,846–an increase of 61% since 1999.  The average for Americans of all ages was $3,126.  Older Americans also spent…  
  • 90 and older population in the United States
    Ten states had 50,000 or more people aged 90 and older- California, Florida, Illinois, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, and Texas.  
  • Growth of oldest-old Americans during the 20th century
    During the twentieth century, the population of oldest-old Americans (those age 85 and older) grew from just over 100,000 to 4.2 million.  
  • 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.    
  • Older Americans in nursing homes
    Around 1.3 million elderly Americans are currently in nursing homes (around half are age 85 and older).