Information Center

Income Received By Different Groups

03/23/21

For a clearer picture of the economic status of today’s older adults, it is helpful to look at breakdowns of statistics by age, marital status, gender, and race, in addition to looking at overall income figures. Sources for these figures can be found at the bottom of the page.

Income Differences by Age

In 2021, half of all individuals age 65 to 74 received less than $30,586 in yearly income, compared to the $24,367 received by people age 75 and older.

Table 3. Median annual income, by age
Age Individuals, 2021 Households, 2021
65+ $27,382 $47,620
65-69  

$30,586

 

$55,747

70-74
75+ $24,367 $38,239

Income Differences by Marital Status

In 2021, half of all married couples age 65 and over received less than $75,819 in yearly income, compared to $27,413 for nonmarried persons.

 

Table 4. Median annual income, by marital status, 65+
Demographic unit Married couples Nonmarried persons Nonmarried men Nonmarried women
Households, 2021 $75,819 $27,413 $29,275 $25,212

 

Income Differences by Gender

In 2021, half of all men age 65 and over received less than $36,680 in yearly income, contrasted with $22,002 for women.

Table 5. Median annual income, by gender, 65+
Gender Individuals, 2021 Households, 2021
Men $36,680 $31,319
Women $22,002 $25,862
Total $27,382 $47,620

 

Income Differences by Race and Ethnicity

In 2021, half of all Hispanics age 65 and older received less than $17,035 in yearly income, contrasted with $30,567 for whites.

Table 6. Median annual income, by race or ethnicity, 65+
Demographic group Individuals, 2021 Households, 2021
White (Non-Hispanic) $30,567 $50,139
African American $19,646 $30,724
Hispanic $17,035 $31,942
Total $27,382 $47,620

 

For More Statistics on the Income of Older Adults:

Sources

Table 3. Income Differences by Age

Table 4. Income Differences by Marital Status

Table 5. Income Differences by Gender

Table 6. Income Differences by Race and Ethnicity

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