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indicator

Income & Poverty

Income & Poverty

Description

Share of Householders Age 65 or Older With Income Below the Federal Poverty Level (FPL) or the Elder Index in Their Area, by Household Size and Housing Tenure, 2020

Data Source

American Community Survey (ACS)

Demographics
Housing
Community Infrastructure
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Data Source

Elder Economic Security Standard Index (Elder Index)

Economic Security
Cost Of Living For Older Adults
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Calculation Methodology

  1. 1
    Select records from the dataset using the columns AGEP, NP, TENURE, STATE, and FPL.
  2. 2
    Derive household size categories from NP, where NP=1 means one-person household, NP=2 means two-person household, and NP>=3 means three or more persons.
  3. 3
    Filter data by housing tenure using TENURE, where TENURE=1 indicates owned with mortgage, TENURE=2 indicates owned without mortgage, and TENURE=3 indicates rented.
  4. 4
    Use the FPL column to identify individuals with income below the Federal Poverty Level or the Elder Index benchmarks.
  5. 5
    Apply the weight column WEIGHT to calculate weighted shares of householders aged 65 or older.
  6. 6
    Aggregate the weighted shares by HOUSEHOLD_TYPE categories and housing tenure groups to produce the grouped stacked bar chart.

Source Variables using this Indicator (13)

Visuals Using This Indicator (1)

Visual for Indicator Income & Poverty for 2020

Share of Householders Age 65 or Older With Income Below the Federal Poverty Level (FPL) or the Elder Index in Their Area, by Household Size and Housing Tenure, 2020

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Why This Matters

Transparent methodology ensures every insight can be traced, verified, and built upon.

Reproducible Research

Every calculation can be traced back to its source. Our methodology documentation enables researchers to replicate findings and build upon our work.

Accountability

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Continuous Improvement

Transparent documentation allows for peer review, feedback, and iterative improvements to our analytical approaches.