indicator
Retirement Income & Social Security by Race
Retirement Income & Social Security by Race
Description
Share of Adults Age 65 or Older with Retirement and/or Social Security Income, by Race & Ethnicity, 2020
Data Source
American Community Survey (ACS)
Calculation Methodology
- 1Select individuals aged 65 or older using the
AGEPcolumn with the conditionAGEP >= 65. - 2Derive race categories from the
RAC1PandHISPcolumns according to specified conditions to classify respondents into Asian Only, Black or African American Only, Hispanic or Latino (Any Race), White Only, Other Single Race, and Multiple Races. - 3Derive income groups from the
RETPandSSPcolumns to classify respondents into Retirement Income Only, Social Security Income Only, Both Retirement and Social Security Income, and Neither Retirement nor Social Security Income based on their values. - 4Apply the survey weight from the
PWGTPcolumn to all records to ensure representativeness. - 5Aggregate weighted counts by race categories and income groups to calculate the share of adults aged 65 or older with retirement and/or social security income by race and ethnicity.
- 6Present the results in a stacked bar chart format showing the distribution of income groups within each race category.
Source Variables using this Indicator (18)
Visuals Using This Indicator (1)
Share of Adults Age 65 or Older with Retirement and/or Social Security Income, by Race & Ethnicity, 2020
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