According to the U.S. Census Bureau and U.S. Bureau of Labor Statistics, the median income for Americans 65 and older is $50,290. The average (mean) is $75,020. This same data shows more than half of Americans over age 65 live on an annual income of less than $30,000.
Figure 1: Average Retirement Income for Retirees
Video: Average Retirement Income in the United States
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