NU Online News Service, June 8, 1:15 p.m. – The Employee Benefit Research Institute, Washington, has published figures suggesting that high-income ”retirees” may be getting a little less of their income from pensions and savings, and more from earnings.
Ken McDonnell, an EBRI researcher, has used data from the U.S. Census Bureau to compile a table showing distribution of income sources for U.S. residents over age 65, for the period from 1974 to 1999, broken down by income.
Residents in the top fifth in terms of income earned at least $26,899 in 1999.