[Sandy]

Mt questions are along the same line as gandalf42

Any ideas as to why income drops wtih age? Spending I understand, but income? Especially since so much of the income in the older goups is driven by SS and pensions.

Have they depleted savings and now only have SS and pensions to rely on?

For their own savings/pensions not so they not adequately figure inflation so their "income" didn't keep pace?

Is the income less, but exactly what they had planned for and merely differs with age-based expectations?

Are they just taking less withdrawals from own savings because they are spending less and don't need it?

And with lower income, are they struggling and worrying they will run out of $$ before they run out of life?

Since it is so hard predict, it would be helpful to know what factors drive this age-associated reduction in income so those of us with 40+ year horizons don't make the mistakes (if they are mistakes).