California Workers Retirement Prospects

Table 2.1

Sources of Income for Retirees, US and California, 200709

California

United States
Std. Dev.

Shares

Mean

$23,540

$21,512

100.0%

11,909

7,365

50.6%

6,373

13,215

Mean

Std. Dev.

Shares

$25,984

$25,637

100.0%

11,305

7,507

43.5%

27.1%

7,156

15,079

27.5%

All
Total Income*
Social Security
Retirement Funds

1,011

4,847

4.3%

1,571

6,503

6.0%

Rental

636

5,266

2.7%

1,390

7,994

5.4%

Supplemental Security

120

1,021

0.5%

370

1,730

1.4%

3,489

10,268

14.8%

4,191

11,817

16.1%

$7,081

$2,688

100.0%

$6,962

$2,781

100.0%

6,149

3,268

86.8%

5,508

3,597

79.1%

Dividend

Other
Bottom 25%
Total Income
Social Security

225

1,130

3.2%

252

1,246

3.6%

Dividend

76

463

1.1%

85

441

1.2%

Rental

12

479

0.2%

552

0.0%

Supplemental Security

276

1,356

3.9%

793

2,420

11.4%

Other

343

1,062

4.8%

321

1,084

4.6%

$17,575

$4,851

100.0%

$18,145

$5,806

100.0%

Retirement Funds

Middle 50%
Total Income

13,009

4,965

74.0%

12,757

5,558

70.3%

2,538

5,019

14.4%

2,819

5,738

15.5%

Dividend

287

1,213

1.6%

313

1,197

1.7%

Rental

169

1,257

1.0%

313

1,647

1.7%

Social Security
Retirement Funds

76

803

0.4%

320

1,604

1.8%

1,496

3,312

8.5%

1,623

3,594

8.9%

$51,936

$25,470

100.0%

$60,713

$29,401

100.0%

Social Security

15,471

10,429

29.8%

14,202

10,229

23.4%

Retirement Funds

20,196

19,718

38.9%

22,745

22,686

37.5%

3,396

9,124

6.5%

5,576

12,036

9.2%

15,278

8.1%

Supplemental Security
Other
Top 25%
Total Income

Dividend
Rental
Supplemental Security
Other

2,196

10,212

4.2%

4,936

54

1,004

0.1%

48

831

0.1%

10,623

18,167

20.5%

13,207

20,559

21.8%

*For Total Income comparisons of US vs CA; all are statistically different except for the Bottom 25% figures.
Note: Three years (2008-10) of the March CPS were appended to assure an adequate number of observations for California and to allow
for demographic analyses on race, gender, and income. Figures are three-year averages, 2010 dollars. Retirees are at least 60 years
old; income less than or equal to $0 not included. Income cutoffs calculated separately for the U.S. and California. Income brackets are
for individual incomes. Totals may not add up due to rounding.
Source: Authors' analysis of March Current Population Survey, 2008-10. Data are from 2007-09.

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