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Retirees Get Richer

APRIL 23, 2007

FBLI
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Retirees are getting wealthier, according to a survey by The Media Audit.

From 2003 to 2006 the number of retirees with annual household incomes of $50,000 or more increased from 23% to 28%. The percent with incomes of $75,000+ and $100,000+ increased from 11% to 14% and 6% to 7%, respectively.

Retirees with liquid assets of $100,000 or more increased from 28% to 30% during 2003-2006. Those with liquid assets of $250,000 or more increased from 13% to 15%.

Retirees who made at least one purchase on the Internet increased to 29% in 2006, up from 20% in 2003. About 16% of retirees made 5 or more purchases online in 2006.

The number of retired people in the US rose from 2003-2006, to 18% in 2006 from 17% in 2003.  

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