Articles

Four Decades of Senior Household Income Growth: New Evidence from the Survey of Consumer Finances

The growing number of retirees is placing a well-documented strain on the federal budget. Less recognized is the substantial growth in senior citizens’ income levels. Using the Survey of Consumer Finances, this paper tracks the remarkably strong income growth in households headed by persons age sixty-five and older during the last four decades. The strong growth in seniors’ incomes provides the basis for a comprehensive reexamination of federal retirement policies.

Wednesday, February 15, 2023 2 min read By:

John F. Cogan, Daniel Heil,