Trends in the Well-Being of the Aged and Their Prospects through 2030 Gary Burtless T HE B ROOKINGS I NSTITUTION Conference on “Medicare at 50” June 5, 2015
Percent of Americans with Income below Official Poverty Line, by Age, 1959-2013 Percent of persons with income below official poverty line 40 35 30 25 Age group -- 20 Under age 18 15 Age 18-64 10 Age 65+ 5 0 1959 1964 1969 1974 1979 1984 1989 1994 1999 2004 2009 2014 Year Source: U.S. Census Bureau.
Percent change in real income at 10 th and 50 th income percentiles, by age group, 1979-2012 10 th percentile in age group 50 40 42 39 30 36 32 29 20 21 5 10 0 -11 -16 -10 -18 -5 -19 -20 -30 47-49 50-52 53-55 56-58 59-61 62-64 65-67 68-70 71-73 74-76 77-79 80+ 50 th percentile in age group 60 56 53 50 50 47 40 44 27 20 18 9 9 10 10 0 47-49 50-52 53-55 56-58 59-61 62-64 65-67 68-70 71-73 74-76 77-79 80+ Source: Author’s calculations of household-size-adjusted income using March Current Population Survey files.
Percent change in real income at 50 th and 90 th income percentiles, by age group, 1979-2012 50 th percentile in age group 60 56 53 50 50 47 40 44 27 20 18 9 9 10 10 0 47-49 50-52 53-55 56-58 59-61 62-64 65-67 68-70 71-73 74-76 77-79 80+ 90 th percentile in age group 80 75 75 60 61 58 40 45 44 37 37 36 36 36 32 20 0 47-49 50-52 53-55 56-58 59-61 62-64 65-67 68-70 71-73 74-76 77-79 80+ Source: Author’s calculations of household-size-adjusted income using March Current Population Survey files.
Income Ratio of Old to Young by Position in Aged Family and Nonaged Family Income Distribution, 1979-2012 Income ratio of aged families compared with nonaged families at indicated position in the income distribution 2.50 At 40 th percentile, 2.00 avg. income of 1979 older families is 67% of avg. 1.50 income of families headed by younger person 1.00 0.50 0 20 40 60 80 100 Percentile of size-adjusted income distribution Source: Author’s calculations using March Current Population Survey files.
Income Ratio of Old to Young by Position in Aged Family and Nonaged Family Income Distribution, 1979-2012 Income ratio of aged families compared with nonaged families at indicated position in the income distribution 2.50 1988 2.00 1979 1.50 1.00 0.50 0 20 40 60 80 100 Percentile of size-adjusted income distribution Source: Author’s calculations using March Current Population Survey files.
Income Ratio of Old to Young by Position in Aged Family and Nonaged Family Income Distribution, 1979-2012 Income ratio of aged families compared with nonaged families at indicated position in the income distribution 2.50 2000 2.00 1988 1979 1.50 1.00 0.50 0 20 40 60 80 100 Percentile of size-adjusted income distribution Source: Author’s calculations using March Current Population Survey files.
Income Ratio of Old to Young by Position in Aged Family and Nonaged Family Income Distribution, 1979-2012 Income ratio of aged families compared with nonaged families at indicated position in the income distribution 2.50 2012 2.00 2000 1988 1979 1.50 1.00 0.50 0 20 40 60 80 100 Percentile of size-adjusted income distribution Source: Author’s calculations using March Current Population Survey files.
Age Profile of Annual Earned Income of U.S. Adults (Including Those with No Earnings), 1985 and 2010 Earnings as percent of average earned income of persons 35-54 years old (Both sexes, including nonearners) 120 100 80 60 40 1985 20 2010 0 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 Age group Source: Author’s calculations using public-use Current Population Survey files.
Recommend
More recommend
