A Portrait of Older America…

November 2000
Journal of Financial Planning;Nov2000, Vol. 13 Issue 11, p29
Academic Journal
The article provides information about the "Older Americans 2000: Key Indicators of Well-Being," a comprehensive report on the well-being of older Americans that has been issued by the federal government. The report states that the percentage of Americans age 65 and older will grow from 13 percent of the population this 2000 to 20 percent by 2030. Likewise, the number of older Americans with incomes below the poverty line has decreased from 35 percent in 1959 to 11 percent in 1998, while those with medium and high incomes has increased from almost half in 1974 to almost two-thirds in 1998. In addition to that, social security provides 40 percent of the income for older people, and asset income pensions and personal earnings provide 20 percent each.


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