THRESHOLD INCOME/POVERTY
Poverty risk is a key indicator of financial vulnerability and disproportionately affects certain demographic groups. Our data show that poverty risk increases with age and is highest among the oldest populations. Education level is strongly linked to poverty risk, with lower education levels correlating to higher rates. Older women, unmarried older adults, and individuals from non-White and non-Asian racial groups are particularly vulnerable to poverty in later life. From 2000 to 2024, we find a slight decrease in poverty risk among the oldest age groups across racial and socioeconomic lines. However, a large number of older adults in America still deal with precarious financial futures.
EXPLORE THE DATA
Definition:
People living in households with an annual family income at or below 200% of the federal poverty line. The income thresholds for the federal poverty line reflect family size.
Example:
In 2022, members of a family of four with an annual income of $55,500 or less are considered as living with, or at risk of, poverty. A single person with the same annual income is not considered as being at risk of poverty.