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USAFacts
USAFacts
National

How will COVID-19 affect the income of older Americans?

The sources of income for older Americans, especially those considering or already in retirement, is different than that of other age groups. How exactly might these income sources be affected by coronavirus?

How many older and retiring Americans are there?

According to the US Census Bureau, 72.7 million Americans, or 22% of the population, were 60 or older as of 2018. Since 2010, each day approximately 10,000 Americans have turned 65, the typical age for retirement.

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