Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 01-26-2014, 09:42 AM   #21
MichaelB's Avatar
Join Date: Jan 2008
Location: On the road again
Posts: 21,155
Here is a Kaiser Family brief, easy to read with lots of data, that addresses the topic and includes a projection of both income and assets for retired people.

Income and Assets of Medicare Beneficiaries, 2013 €“ 2030 | The Henry J. Kaiser Family Foundation

The conclusion

While a small share of the Medicare population lives on relatively high incomes, most are of modest means, with half of people on Medicare living on less than $23,500 in 2013. The typical beneficiary has some savings and home equity, but the range of asset values among beneficiaries is wide and varies greatly across demographic characteristics. Looking to the future, the income, assets and home equity values of Medicare beneficiaries overall are projected to be somewhat greater in 2030 than in 2013 after adjusting for inflation; yet, much of the growth is projected to be realized among those with relatively high incomes and assets. As policymakers consider options for decreasing federal Medicare spending and addressing the federal debt and deficit, these findings raise questions about the extent to which the next generation of Medicare beneficiaries will be able to bear a larger share of costs.

MichaelB is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-26-2014, 10:12 AM   #22
gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,855
Originally Posted by Hamlet View Post
One thing to keep in mind is that older people tend to have more wealth than younger people <snip>
IOW, it's good to be old ...

(Sorry, as an "old guy" I could not resist)...

rescueme is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Book Abundance-the future is better than you think Sarah in SC Other topics 21 12-11-2012 08:36 AM
Stern Advice-Retirees are doing better than you think SumDay Life after FIRE 3 12-06-2012 01:16 PM
27 year old youth pastor wanting to be prepared thecma Hi, I am... 3 11-12-2009 10:40 AM
Retirement's racial divide: Blacks less prepared Milton FIRE and Money 7 10-18-2007 07:33 AM
Retiring with Bernanke-Are You Prepared? camberiu FIRE and Money 9 01-17-2006 08:09 PM


All times are GMT -6. The time now is 08:15 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.