SOCIAL SECURITY IS THE largest source of income for Americans age 65 and older, according to a new Employee Benefit Research Institute analysis of Census Bureau data. Earnings from work are also increasingly becoming a necessity for seniors. While about half of seniors have some sort of retirement investments, income from assets makes up only a small fraction of the typical retiree’s budget. Here’s a look at the four major sources of income most retirees rely on. Social Security. Almost all Americans (89 percent) age 65 and older receive Social Security payments. Social Security provides an average of 40 percent of income for retirees. Seniors in the lowest income quintile received 88 percent of income from Social Security, compared to 19 percent among high income retirees. The oldest seniors also derived a greater share of their income from Social Security than the youngest retirees.
Employment. Some Americans (20 percent) continue to work after age 65. Income from working makes up 26 percent of the typical senior’s income. Younger seniors are more likely to work than older retirees. Among those age 65 to 69, 41 percent of income is from employment compared to 7 percent for individuals age 85 and over. Employment is the largest source of income for the wealthiest seniors. Pensions and annuities. Just over a third (35 percent) of current retirees have pension or annuity income. These guaranteed retirement payments typically account for 20 percent of a senior’s income.
Assets. Asset income makes up about 13 percent of the typical retiree’s budget. Just over half (55 percent) of Americans age 65 and older receive some sort of returns from assets. While the lowest quintile of retirees generally receive just 4 percent of their income from investments, the wealthiest retirees earned 18 percent of their pay from assets. The median income for Americans age 65 and older in 2009 was $18,001 and the average income was $28,778. Social Security. Social Security is the most utilized retirement benefit, with 86 percent of people age 65 and older receiving monthly payments, SSA found. ... Income from assets. ... Pensions. ... Employment. Two types of retirement income include regular and potential. Potential income includes IRAs, 401(k)s, and reverse mortgages. Regular retirement income includes Social Security, a pension, an annuitized defined-contribution plan pension, and employment. Pension vs.
There are many different types of income that retired folks draw on, depending on what their life was like during their working days. Two of the most widely-known income streams today include pensions and Social Security, two programs funded and structured in totally different ways. If you have a defined benefit pension from an employer, you'll receive income through pension checks. In most cases, the amount of your pension is based on the years you work and the salary you receive. Unfortunately, many people don't have pensions from employers. Today's older adults typically have a number of sources of income. For most, the primary source of income is Social Security. Other sources are income from investments and other assets, pensions and other retirement plans, earnings from work and, for a small percentage, public assistance programs and veterans benefits.
<span>It is true that walking to work is one way of helping improve air quality. If you are walking, or riding a bicycle to your work, you are obviously not using a car or a bus which use fuel which pollutes air. So, if more people would do this, they would help improve their living conditions and the air we breathe, because each day, our air becomes more and more polluted. </span>
The public health approach involves defining and measuring the problem, determining the cause or risk factors for the problem, determining how to prevent or ameliorate the problem, and implementing effective strategies on a larger scale and evaluating the impact.
