Income of Americans Age 65 and Older

Release on 2007 | by Patrick J. Purcell

In 2006 , Social Security beneficiaries who are under the full retirement age have their benefit reduced by $ 1 for every $ 2 of annual earnings over $ 12,480 . [ 19 ] The CPS does not collect information on income received from capital ...

Author: Patrick J. Purcell
Publisher: Nova Publishers
ISBN: 1600213081
Category: Business & Economics
Page: 62
View: 171

Income of Americans Age 65 and Older

The ageing of the American population and the retirement of the baby boom generation will place financial strains on Social Security, public and private pensions, and on retirees' personal savings. Since the 1960s, birth rates have fallen and average life expectancy has increased. Consequently, the number of workers relative to the number of retirees is projected to decline, and retirees will have to stretch their savings and other assets over longer periods of retirement than their parents and grandparents experienced. This book presents data collected by the Census Bureau from 1969 through 2005 that describe how the demographic traits, employment patterns, and the sources and amounts of income of people 65 and older have changed over a period of nearly 40 years.

Language: en
Pages: 62

Income of Americans Age 65 and Older

Authors: Patrick J. Purcell, Debra B. Whitman

Categories: Business & Economics

Type: BOOK - Published: 2007 - Publisher: Nova Publishers

Language: en
Pages: 224

Uncharted Waters

Authors: Kenneth S Apfel, Michael J. Graetz

Categories: Political Science

Type: BOOK - Published: 2005-09-01 - Publisher: Brookings Institution Press

In the debate over Social Security reform, most of the work on individual accounts has focused on how individuals would save and manage those accounts during their working lives. Uncharted Waters goes further and addresses the often neglected questions about how and under what circumstances funds could be withdrawn from