Median income

The median, or midpoint, income for all households headed by older adults is a measure of standard of living. The income available to older adults and their households is one of the most critical elements to securing the quality of life they desire. Older adults' income often comes from a mix of sources, including Social Security, pensions and other retirement funds, investments and other assets, employment, and public assistance and veteran's benefits. The retirement years are not always ideal for all older adults. Limited income can constrain an individual's ability to afford basic needs, such as health care, medications, housing, healthy food, transportation, etc. Understanding the amount of income and income disparities among older adults can help individuals, families, communities, and policy makers plan for and respond to the financial needs of later life.

North Dakota Compass

North Dakota Compass
www.ndcompass.org

Compass created by:
Wilder Research

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