Telly
Thinks s/he gets paid by the post
- Joined
- Feb 22, 2003
- Messages
- 2,395
In the April 29th Scott Burn's newspaper article "Myths and Realities of Retirement" there is a nice bar chart derived from SSA 2004 data of income of Retirees over 55. Since SSA benefits do not decrease with age, I have to assume that "income" is SSA bennys plus other interest, investment gains, etc., and that people liquidate those investments as needed to meet expenses.
What I wanted to point out is that the Median household income of Couples vs. Singles yields an unusual multiplier when I divided them out!
The following is in the format:
Age Range_Dollars_Couples$ divided by Singles$
Couples
55-61_$68,612_2.86
62-64_$54,899_2.88
65-69_$44,299_2.8
70-74_$36,750_2.58
75-79_$30,413_2.18
80+__$28,490_2.14
Singles
55-61_$24,000
62-64_$19,032
65-69_$15,799
70-74_$14,263
75-79_$13,929
80+__$13,321
No one expects two to live as cheaply as one... maybe twice as much? But this is approaching three times as much!
Now before someone can't wait to point out that Nords has already posted about this article, I'm addressing the part I found interesting, that was NOT talked about, so there!
What I wanted to point out is that the Median household income of Couples vs. Singles yields an unusual multiplier when I divided them out!
The following is in the format:
Age Range_Dollars_Couples$ divided by Singles$
Couples
55-61_$68,612_2.86
62-64_$54,899_2.88
65-69_$44,299_2.8
70-74_$36,750_2.58
75-79_$30,413_2.18
80+__$28,490_2.14
Singles
55-61_$24,000
62-64_$19,032
65-69_$15,799
70-74_$14,263
75-79_$13,929
80+__$13,321
No one expects two to live as cheaply as one... maybe twice as much? But this is approaching three times as much!
Now before someone can't wait to point out that Nords has already posted about this article, I'm addressing the part I found interesting, that was NOT talked about, so there!