Older Citizens Receive a Much Larger Portion of Their Income
from Social Security and Pensions

 

Under 25

25 to 34

35 to 44

45 to 54

55 to 64

65 and older

Money income before taxes (total)

$18,856

$37,946

$47,356

$53,131

$43,770

$24,451

Wages and salaries

16,613

35,212

43,098

46,695

30,749

4,471

Self-employment income

245

1,489

2,062

3,175

3,447

1,173

Social Security, private and government retirement

73*

260

775

1,868

7,571

16,558

Interest, dividends, rental income, other property income

328

150

387

535

1,082

1,840

Unemployment and workers compensation, veterans benefits

149

143

131

199

274

70

Public assistance, supplemental security, income, food stamps

246

282

309

228

306

200

Regular contributions for support

770

244

483

188

220

82

Other income

432

168

111

243

120

57

Source: Average annual expenditures and characteristics, South, by Age Group, Consumer Expenditure Survey, 1998-1999.
*Data are likely to have large sampling errors.