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, 2023
Data Source
American Community Survey (ACS)
Calculation Methodology
- 1Filter the dataset to include only individuals aged 65 or older using the column
AGEP. - 2Derive race categories from the columns
RAC1PandHISPbased on specified conditions to identify groups such as 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 columns
RETPandSSPto classify individuals into Retirement Income Only, Social Security Income Only, Both Retirement and Social Security Income, and Neither Retirement nor Social Security Income. - 4Apply the weight column
PWGTPto weight individual records for accurate population representation. - 5Aggregate weighted counts by
STATEand race categories to calculate the share of adults aged 65 or older with retirement and/or social security income. - 6Present the results as a stacked bar chart showing the distribution of income groups within each race category by state.
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, 2023
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