Pioneer Press Sun, 27 Jan 2008 18:12:45 -0700
Golden years, tighter belts
The temperature in Lea Wait's home has been falling along with stock prices. ... The median income of people 65 and older in 2006 was $16,443, according to the Employee Benefit Research Institute, an independent nonprofit group. Social Security accounted for roughly 40 percent of average income for people 65 and older, according to the institute, while wages and salary earned by those who kept working were about a quarter of average income. The rest came from pensions, annuities and assets.
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