Chart Detail

Change in sources of comprehensive income for elderly households in the middle fifth, selected years, 1979–2007 (2011 dollars)

Income Wages and
imputed taxes
Capital income Pensions and
other income
Cash
transfers
In-kind
income
1979 $45,839 $12,517 $9,244 $6,192 $13,836 $4,049
1989 48,653 7,839 9,660 8,400 15,922 6,832
1995 50,616 8,400 5,902 10,467 16,679 9,168
2000 54,469 8,454 6,822 13,078 16,331 9,784
2007 58,535 9,079 4,548 13,345 19,250 12,314
Average annual change
1979–1989 0.6% -4.6% 0.4% 3.1% 1.4% 5.4%
1989–1995 0.7 1.2 -7.9 3.7 0.8 5.0
1995–2000 1.5 0.1 2.9 4.6 -0.4 1.3
2000–2007 1.0 1.0 -5.6 0.3 2.4 3.3
1979–2007 0.9 -1.1 -2.5 2.8 1.2 4.1
Total change
1979–1989 $2,814 -$4,679 $415 $2,208 $2,086 $2,783
1989–1995 1,963 562 -3,758 2,067 757 2,336
1995–2000 3,853 54 921 2,611 -348 616
2000–2007 4,067 625 -2,274 267 2,919 2,531
1979–2007 12,696 -3,439 -4,697 7,153 5,413 8,265
Share of total change
1979–1989 100.0% -166.3% 14.8% 78.5% 74.1% 98.9%
1989–1995 100.0 28.6 -191.4 105.3 38.6 119.0
1995–2000 100.0 1.4 23.9 67.8 -9.0 16.0
2000–2007 100.0 15.4 -55.9 6.6 71.8 62.2
1979–2007 100.0 -27.1 -37.0 56.3 42.6 65.1

Note: Elderly households are age 65 and older.

Source: Authors' analysis of Congressional Budget Office (2010c)

Updated May 22, 2012

Documentation and methodology

Underlying data are unpublished data on income source by family type from the Congressional Budget Office related to its 2010 Web resource, Average Federal Taxes by Income Group. “Imputed taxes” are taxes that are not directly paid by households to government (such as the employer’s share of the payroll tax), but which are “paid” in the form of lower wages and thus are added by the CBO to actual, observed wages to produce the measure of “pretax” income. “Other income” in the pensions category includes withdrawals from 401 (k) plans and traditional pensions, and a small category of “other income” that CBO links with pension income in its reports. The income levels for “Wages and imputed taxes” column and the “Pensions and other income” columns are calculated by the sum of the product of the shares of wages and imputed taxes multiplied by average pre-tax income for each income group and the sum of the product of the share of pensions and other income multiplied by average pretax income. The contribution to shares from income sources is calculated by multiplying the change in the types of income sources by the changes in the total income for elderly households. Data are inflated to 2011 dollars using the CPI-U-RS.

Demographic

Get the data

Get the data behind the charts.

Explore Our Charts

Subject

Demographic

Select a subject or demographic

Interactive feature

Interactive feature promo image When income grows, who gains?

For the media

Economic Policy Institute Media Relations Department (202) 775–8810 |