Q:

What is the average income for retirees?

A:

Quick Answer

An AARP Public Policy Institute report found that the average income for retirees ages 65 and up was $31,742 in 2012, according to U.S. News & World Report. This income came from a combination of Social Security, savings and other earnings.

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What is the average income for retirees?
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Full Answer

Eighty-four percent of retirees ages 65 and up reported Social Security income in 2012, with a median of $16,295 for men and $11,999 for women, according to U.S. News & World Report. Less than a third received income from retirement savings, with a median income of $12,000 annually.

A review of U.S. Census Bureau data by Interest.com showed that seniors ages 65 and up earned a median income of $35,107 in 2011, according to CNN Money. This was approximately 57 percent of the median income for adults, ages 45 to 64, who were nearing retirement.

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