indicator
Retirement Income & Social Security
Retirement Income & Social Security
Description
Share of Adults Age 65 or Older with Retirement and/or Social Security Income, by Federal Poverty Level, 2020
Data Source
American Community Survey (ACS)
Calculation Methodology
- 1Filter the dataset to include individuals aged 65 or older using the column
AGEP. - 2Derive income group categories from the columns
RETPandSSPas follows: Retirement Income Only ifRETP> 0 andSSP= 0; Social Security Income Only ifRETP= 0 andSSP> 0; Both Retirement and Social Security Income ifRETP> 0 andSSP> 0; Neither Retirement nor Social Security Income ifRETP= 0 andSSP= 0. - 3Apply the poverty level filter using the column
POVPIPto separate groups below 200% FPL (POVPIP< 200) and above 200% FPL (POVPIP>= 200). - 4Use the column
STATEto group data by state for aggregation. - 5Apply the weight column
PWGTPto calculate weighted counts for each income group within each state and poverty level category. - 6Calculate the share of adults aged 65 or older in each income group by dividing the weighted count of each group by the total weighted population aged 65 or older within the same state and poverty level category.
Source Variables using this Indicator (17)
Visuals Using This Indicator (1)
Share of Adults Age 65 or Older with Retirement and/or Social Security Income, by Federal Poverty Level, 2020
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