Monday, August 29, 2011

Elder economic security: Household income declines by nearly half for households age 65 and older

Colorado's median household income for householders age 65 and older was $37,284 in 2009, or just more than half the median household income of householders in their "peak earning" years of 45 to 64. That rapid drop in income as folks get older has important implications for ensuring Colorado's elders have income that's adequate to meet their needs.

For more insights on the true cost of living for elders in Colorado, including estimates for each of the state's 64 counties, check the Elder Economic Security Standard Index for Colorado.

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