General Discussion

How many seniors over 65 are middle income

Estimating the number of middle-income seniors aged 65 and older requires defining "middle income" and drawing on available data.

According to a study funded by the National Investment Center for Seniors Housing & Care and published by Health Affairs, the number of middle-income seniors is projected to nearly double from 7.9 million in 2014 to 14.4 million in 2029.

This study defined middle-income seniors based on annuitized financial resources, not including home equity:

For those aged 75-84: annual income and assets between $25,001 and $74,298.

For those aged 85 and older: annual income and assets between $24,450 and $95,051.

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Does this answer your question?

It answers the question but seems to be off quite a bit.

I receive $1410 in SS and a pension of $107/mo.

I am poverty level but using funds from an old IRA with less than $75,000 in it to keep going. I pay taxes on any distributions if I draw too much out.

Without the IRA, I'd be totally screwed.

I must not be alone in this . I do own the small house I live in, my only asset.