Commentary

More That a Fourth of Retirees Have Incomes Over $50,000

More That a Fourth of Retirees Have Incomes Over $50,000

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A recent report from The Media Audit show that the number of retirees in the 87 metropolitan markets surveyed regularly, with household incomes of $50,000 or more, increased from 23.2 percent to 27.6 percent from 2003 thru 2006.

The survey covers only adults at least 18 years of age, the 142 million adult population in the 87 metro markets surveyed.

Retiree households with annual incomes of $75,000 or more increased from 11.2 to 13.8 percent, according to Bob Jordan, president of International Demographics, and those with annual incomes of $100,000 or more increased from 5.8 to 6.9 percent.

 "By every financial measurement we take," says Jordan, "retirees improved from 2003 to 2006."  Retirees with liquid assets of $100,000 or more increased from 27.8 to 29.9 percent and those with liquid assets of $250,000 or more increased from 13.1 to 14.5.

Additional "retiree" demographics include data such as:

  • Those retirees that made at least one purchase on the Internet increased from 19.7 percent in 2003 to 28.8 percent in 2006. 
  • Those making five or more purchases increased from 10.2 percent to 15.8 percent.
  • In 2003, 31.4 percent were 75 or older
  • in 2006, 33.8 percent had reached 75 years of age
  • In 2003, 56.9 percent were married
  • in 2006 it was 57.8 percent

 Considered on a market by market basis, says Jordan, "... in Ocala, Florida, 36.1 percent of the adults are retired compared to just 12.0 percent of those in Austin, Texas... the five metropolitan areas with the highest percentage of retirees are all in Florida." 

Please visit The Data Source at The Media Audit here for more information. 
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