Economic Security Seniors

Get the Facts on EconomicSecurityforSeniors(excerpt)

Poverty Measures

More than 17 million (or roughly 1 in 3) older adults aged 65+ are economically insecure, with incomes below 200% of the Federal Poverty Level (FPL) ($29,160 per year for a single person in 2023.1
Older women are more likely to live in poverty than men as a result of wage discrimination and having to take time out of the workforce for caregiving.3
Over half of Black and Hispanic adults age 65+ have incomes below 200% of FPL.2
Social Security benefits lift 16.1 million older adults above the FPL.4
More accurate measures of economic well-being—including the Elder Index™ and the Institute on Assets and Social Policy’s Senior Financial Stability Index—show millions of older adults struggling to meet their monthly expenses, even though they’re not considered “poor” because they live above the FPL.

Income & Employment

The 2.3 million older adults on Supplemental Security Income (SSI) receive, on average, just $511 each month.5
Among Social Security beneficiaries age 65+, Social Security represents 50% or more of their income for 37% of men and 42% of women, and 90% or more of their income of 12% of men and 15% of women.6
On average, older women received about $9,900 less annually in retirement income in 2016 than older men due to lower lifetime earnings, time taken off for caregiving, occupational segregation into lower wage work, and other issues. Older women of color fare even worse.7
In 2020, the unemployment rate for workers age 65+ skyrocketed to its highest annual rate of 7.5%.8 In May 2022, nearly 24% of the civilian labor force was people aged 65 and older.9
Older workers of color are most at risk for unemployment. In the first quarter of 2022 among people 65+, unemployment rates by ethnicity were: white, 3.2%; Black, 4.8%; Asian, 2%; Hispanic, 4.7%. For men 65+, unemployment rates were: white, 3.6%; Black, 5.3%; Asian, 0.9%; Hispanic, 5.7%. And for women 65+, unemployment rates were: white, 2.5%; Black, 4.3%; Asian, 3%; Hispanic, 3%.10
Of older adults who lose a job, 70% experience it once, and 23% experience it twice.11

Debt & Savings

Of households headed by an individual age 65 or older, 61% had debt in 2016. The median debt of senior-led households was $31,050.12
In 2017, nearly half of adults aged 55-66 had no personal retirement savings. About 50% of women aged 55-66 had no personal retirement savings, compared to 47% of men in that age group.13
More than half of Baby Boomers said in a 2019 survey that they need to catch up on their retirement savings.14
Of retirees 65+ surveyed in 2021, 93% said Social Security was a source of income in the previous 12 months, and 68% said a pension was.15

https://www.ncoa.org/article/get-the-facts-on-economic-security-for-seniors

美國耆英的事實（摘錄）

扶貧措施

-超過1700 萬（或大約三分之一）的 65+ 歲老年人經濟上沒有保障，收入低於聯邦貧困線（FPL）的 200%（2023 年單身每人每年 29,160 美元）。

-由於工資歧視和不得不從工作力中抽出時間進行護理，老年女性比男性更有可能生活在貧困中。

-超過65+ 歲的黑人和西班牙裔成年人中，超過一半的收入低於FPL 的 200%。

-社會保障福利使1610 萬老年人高於 FPL。

-更準確的經濟福祉衡量標準——包括老年人指數™和資產與社會政策研究所的高級金融穩定指數——顯示數百萬老年人正在努力滿足他們的每月開支，即使他們並不被認為是“窮人”，因為他們生活在FPL 以上。

收入與就業

-230 萬領取補充保障收入（SSI）的老年人平均每月僅收到 511 美元。

-在65+ 歲的社會保障受益人中，37% 的男性和 42% 的女性的社會保障占其收入的 50% 或更多，以及 12% 的男性和 15% 的女性占其收入的 90% 或更多。

-平均而言，由於終生收入較低、護理時間減少、職業隔離到低工資工作以及其他問題，2016年老年女性的退休收入比老年男性少約9,900美元。有色人種的老年女性的情況甚至更糟。

-2020年，65+ 歲工人的失業率飆升至 7.5% 的最高年率。2022 年 5 月，近 24% 的平民工作力是 65 歲及以上的人。

-年長的有色人種工人失業的風險最大。2022 年第一季度，在 65+ 人群中，按種族劃分的失業率為：白人3.2%; 黑人4.8%; 亞裔2%; 西班牙裔4.7%。對於 65+ 的男性，失業率為：白人3.6%; 黑人5.3%; 亞裔0.9%; 西班牙裔5.7%。對於 65+ 的女性，失業率為：白人2.5%; 黑人4.3%; 亞裔3%; 西班牙裔3%.

-在失業的老年人中，70% 的人經歷過一次，23% 的人經歷過兩次。

債務與儲蓄

-在65 歲或以上的個人領導的住宅中，61% 的住宅在 2016 年負債纍纍。老年人領導的家庭的債務中位數為31,050美元.

-2017年，近一半的55-66歲成年人沒有個人退休儲蓄。大約 50% 的 55-66 歲女性沒有個人退休儲蓄，而該年齡段的男性為47%。

-在2019 年的一項調查中，超過一半的嬰兒潮一代表示，他們需要補足退休儲蓄。

-在2021 年接受調查的 65+ 退休人員中，93% 的人表示社會保障是過去 12 個月的收入來源，68% 的人表示養老金。