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The Typical Retiree’s Income Is Shockingly Low

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The Typical Retiree’s Income Is Shockingly Low

If you’re a retiree whom discovers it tough in order to make ends satisfy, join the club.

Retiree households had a believed income that is median of $29,000 before fees, based on the twentieth yearly Transamerica pension Survey of Retirees.

A whole lot worse, simply over 1 in 4 households that are retiree 27% — reported earnings of significantly less than $25,000.

Entirely, 56% of retiree households introduced an income that is pre-tax of than $50,000, while a fortunate 13per cent acquired at the least $100,000.

The study findings pre-tax household income breakdown as follows:

  • Significantly less than $25,000: Reported by 27% of study participants
  • $25,000 to not as much as $50,000: 29percent
  • $50,000 to not as much as $75,000: 14per cent
  • $75,000 to not as much as $100,000: 9percent
  • $100,000 to significantly less than $150,000: 9percent
  • $150,000 to not as much as $200,000: 2%
  • $200,000 or maybe more: 2%

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