Figure 7
Mean income of households age 62–79, by age group and source, 1992–2010 (2010 dollars)
| Year | Age | Earnings | Social Security | Defined-benefit pension | Other |
|---|---|---|---|---|---|
| 1992 | 62-67 | $15,111 | $8,398 | $7,144 | $11,103 |
| 68-73 | $4,469 | $12,878 | $7,130 | $10,230 | |
| 74-79 | $2,029 | $13,742 | $5,699 | $9,672 | |
| 1998 | 62-67 | $17,745 | $10,068 | $7,586 | $12,383 |
| 68-73 | $5,918 | $15,085 | $7,872 | $11,461 | |
| 74-79 | $2,833 | $14,731 | $6,738 | $9,121 | |
| 2004 | 62-67 | $22,096 | $10,953 | $7,559 | $9,979 |
| 68-73 | $8,554 | $15,751 | $8,585 | $9,248 | |
| 74-79 | $3,588 | $14,864 | $6,787 | $7,528 | |
| 2010 | 62-67 | $27,031 | $10,470 | $7,166 | $10,432 |
| 68-73 | $11,747 | $17,463 | $8,128 | $8,549 | |
| 74-79 | $5,430 | $16,721 | $7,496 | $7,833 |
Note: Regular payments from IRA, Keough, or 401(k) accounts and annuities are a small part of "other" income. Lump sum withdrawals from retirement savings plans are not included.
Source: Authors' analysis of Current Population Survey microdata
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