- The older population (65+) numbered 38.9 million in 2008, an increase of 4.5 million or 13% since 1998.
- The number of Americans aged 45-64 - who will reach 65 over the next two decades - increased by 31% during this decade.
- Over one in every eight, or 12.8% of the population is an older American.
- Persons reaching age 65 have an average life expectancy of an additional 18.6 years (19.8 years for females and 17.1 years for males).
- Older women outnumber older men at 22.4 million older women to 16.5 million older men.
- Older men were much more likely to be married than older women - 72% of men vs. 42% of women. 42% of older women in 2002 were widows.
- About 31% (11.2 million) of noninstitutionalized older persons live alone (8.3 million women, 2.9 million men).
- Half of older women (50%) age 75+ live alone.
- About 471,00 grandparents aged 65 or more had primary responsibility of their grandchildren who lived with them.
- The median incom of older persons in 2008 was $25,503 for males and $14,559 for females. Households containing families headed by persons 65+ reported a median income in 2008 of $44,188.
- Major sources of income for older people in 2007 were: Social Security (reported by 87% of older persons), income from assets (reported by 52%), private pensions (reported by 28%), government employee pensions (reported by 13%), and earnings (reported by 25%).
- Social Security constituted 90% or more of the income received by 35% of all Social Security beneficiaries (21% of married couples and 44% of non-married beneficiaries).
Thursday, January 21, 2010
Did You Know...
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