This fact sheet notes several key trends related to family income sources for older people. Specifically, it finds that older persons with low family income depend heavily on Social Security income and that over the past 20 years, earnings have become a more important family income source for the older population. The report also finds that older minority families are less likely than older majority families to have family income from Social Security, pensions and retirement savings, interest, and dividends.
Join or Renew and Choose Your Gift
- Offer ends Dec. 17
- Discounts on travel and everyday savings
- Subscription to AARP The Magazine
- Free membership for your spouse or partner