At 14.9%, retiree households are almost twice as likely to be affected by modest incomes as the population as a whole (8.4%). However, while many retirees do have modest incomes, they in fact possess substantial wealth. Yet once wealth is considered, their poverty rate falls to 7.3%. Since real estate holdings are not included in this calculation, the actual poverty rate among older people is likely even lower.
The Figure of 7.3% for old-age poverty
The Figure of 7.3% for old-age poverty
The Figure
