Seniors Fare Best as Incomes FallAmerican household incomes last year experienced the sharpest drop on record, falling nearly 4 percent on average, according the U.S. Census Bureau. Households led by people 65 and older, however, experienced income gains – an encouraging sign as this age group looks toward moving into senior living communities. According to the USA Today, of the 25 groups tracked by the Census Bureau, only households led by people 65 and older enjoyed income gains in 2008 – a 1.2 percent increase. Households led by people in the 45-54 age group suffered the largest income drop – 5.4 percent. Overall, the media household income dropped 3.6 percent last year to $50,303, after adjusting for inflation. Also among study highlights: The portion of Americans without health insurance was almost unchanged at 15.4 percent. View more ALFA Update articles!Feedback
Other Resources
 |
Please wait, logging in.
