Skip Navigation
Dept. of Health & Human Services
Link to AoA Homepage Header Gradient U.S Administration on Aging
About AoA Press Room Elders and Families Professionals AoA Grant Programs
Home > Professionals > Statistics > Minority Aging > Facts and Figures:  Statistics on Minority Aging in the U.S.

Facts and Figures:  Statistics on Minority Aging in the U.S.

Most of these data tables and information are adapted from Older Americans 2000: Key Indicators of Well-Being, Appendix A: Detailed Tables. (See: http://www.agingstats.gov.) Data are  from a variety of sources with differing sample sizes and designs.  Therefore, all tables do not include data for all minority groups. The last table, Minority Participation in Older Americans Act Programs, provides data collected from State Units on Aging about persons served with Older Americans Act funds.



Introduction

Nearly 35 million Americans are age 65 and over. Three in five people in this age group are women. Over the next forty years, the number of people age 65 and older is expected to double and the number of people age 85 and older is expected to triple. Along with general trends for America’s population, minority populations are living longer, getting older, and becoming more racially diverse. In fact, the percentage of older persons, who now comprise over 16 percent of the older population, is expected to grow to 22 percent by 2020. Therefore, the need for data and information on minority elders continues to grow.

The Demographics section provides a broad overview of minority elders, including trends and data on housing, educational level, living arrangements, poverty, life expectancy, leading causes of death, and immunization rates. Where available, information is provided on the trends and differences between men and women, and between the various age cohorts of minority elders. Nonetheless, the population of minority elders is very diverse. Differences exist between and within minority populations of elders when compared with one another. AoA plans to provide information on the heterogeneous populations of minority elders in this section in the near future.

Population and Projected Population Age 65+ by Race and Hispanic Origin

(Note: First table is from the Census 2000; second and third tables are from Census projections and estimates.  Figures for 2000 differ slightly.)

Number and Percent of Persons 65+ by Race and Hispanic Origin - 2000
Total 65+ Numbers Percent
Non-Hispanic    
    Black 2,787,427 8.0%
    Amer. Ind/Alaska
    Nat.
124,797 0.4%
    NH/PI 19,085 0.1%
    Asian 796,008 2.3%
    Two or more 
    Races
264,588 0.8%
    Other Race 21,397 0.1%
Hispanic (any race) 1,733,591 5.0%
Total Minority 5,746,893 16.4%
White (Alone - Non-Hisp) 29,244,860 83.6%
Total 65+ 34,991,753 100.0%
Data Set: Census 2000 Summary File 1 (SF 1) 100-Percent Data
For State level data, see:
http://www.aoa.gov/Census2000 

 

PROJECTED DISTRIBUTION OF THE POPULATION AGE 65 AND OLDER, BY RACE AND HISPANIC ORIGIN, 2000 AND 2050
2000 2050x
TOTAL 100.0 100.0
NON-HISPANIC WHITE 83.5 64.2
NON-HISPANIC BLACK 8.1 12.2
NON-HISPANIC AMERICAN INDIAN AND ALASKA NATIVE 0.4 0.6
NON-HISPANIC ASIAN AND PACIFIC ISLANDER 2.4 6.5
HISPANIC 5.6 16.4
Note: Data are middle-series projections of the population. Hispanics may be of any race.
Reference population: These data refer to the resident population.
Source: U.S. Census Bureau, Population Projections of the United States by Age, Sex, Race, Hispanic Origin, and Nativity: 1999 to 2100; published January 2000, http://www.census.gov/population/www/projections/natproj.html 

PROJECTED POPULATION AGE 65 AND OLDER, BY RACE AND HISPANIC ORIGIN, 2000 AND 2050, IN THOUSANDS
2000 2050
TOTAL 34,836 81,999
NON-HISPANIC WHITE 29,097 52,684
NON-HISPANIC BLACK 2,827 9,997
NON-HISPANIC AMERICAN INDIAN AND ALASKA NATIVE 152 530
NON-HISPANIC ASIAN AND PACIFIC ISLANDER 822 5,366
HISPANIC 1,938 13,422
Note: Data are middle-series projections of the population. Hispanics may be of any race.
Reference population: These data refer to the resident population.
Source: U.S. Census Bureau, Population Projections of the United States by Age, Sex, Race, Hispanic Origin, and Nativity: 1999 to 2100; published January 2000, http://www.census.gov/population/www/projections/natproj.html.

In 2000, an estimated 84 percent of people age 65 or older are non-Hispanic white, 8 percent are non-Hispanic black, 2 percent are non-Hispanic Asian and Pacific Islander, and less than 1 percent are non-Hispanic American Indian and Alaska Native. Hispanic persons are estimated to make up 6 percent of the older population. By 2050, the percentage of the older population that is non-Hispanic white is expected to decline from 84 percent to 64 percent. Hispanic persons are projected to account for 16 percent of the older population; 12 percent of the population is projected to be non-Hispanic black; and 7 percent of the population is projected to be non-Hispanic Asian and Pacific Islander.

Although the older populations will increase among all racial and ethnic groups, the Hispanic older population is projected to grow the fastest, from about 2 million in 2000 to over 13 million by 2050. In fact, by 2028, the Hispanic population age 65 and older is projected to outnumber the non-Hispanic black population in that age group.

Educational Level

PERCENTAGE OF THE POPULATION AGE 65 AND OLDER WITH A HIGH SCHOOL DIPLOMA OR HIGHER AND BACHELOR’S DEGREE OR HIGHER, BY RACE AND HISPANIC ORIGIN, 1998
HIGH SCHOOL
DIPLOMA OR HIGHER
BACHELOR'S DEGREE OR HIGHER
TOTAL 67.0 14.8
NON-HISPANIC WHITE 71.6 16.0
NON-HISPANIC BLACK 43.7 7.0
NON-HISPANIC ASIAN AND PACIFIC ISLANDER 65.1 22.2
HISPANIC 29.4 5.4
Note: Hispanics may be of any race.
Reference population: These data refer to the civilian noninstitutional population.
Source: March Current Population Survey.

Despite the overall increase in educational attainment among older Americans, there are still substantial educational differences among racial and ethnic groups. In 1998, about 72 percent of the non-Hispanic white population age 65 and older had finished high school, compared with 65 percent of the non-Hispanic Asian and Pacific Islander older population, 44 percent of the non-Hispanic black older population, and 29 percent of the Hispanic older population.

In 1998, 16 percent of non-Hispanic white older Americans had a bachelor’s degree or higher, compared with 22 percent of older non-Hispanic Asian and Pacific Islanders.

Living Arrangements

LIVING ARRANGEMENTS OF THE POPULATION AGE 65 AND OLDER, BY SEX AND RACE AND HISPANIC ORIGIN, 1998
WITH SPOUSE WITH OTHER
RELATIVES
WITH NON-
RELATIVES
ALONE
MEN
TOTAL 72.6 7.0 3.0 17.3
WHITE 74.3 6.0 2.7 17.0
BLACK 53.5 14.8 6.8 24.9
ASIAN AND PACIFIC ISLANDER 72.0 20.8 0.6 6.6
HISPANIC 66.8 15.0 4.3 14.0
WOMEN
TOTAL 40.7 16.8 1.7 40.8
WHITE 42.4 14.8 1.6 41.3
BLACK 24.3 32.2 2.7 40.8
ASIAN AND PACIFIC ISLANDER 41.3 36.7 0.8 21.2
HISPANIC 36.9 33.8 1.8 27.4
Note: Hispanics may be of any race.
Reference population: These data refer to the civilian noninstitutional population.
Source: March Current Population Survey.

In 1998, 73 percent of older men lived with their spouses, 7 percent lived with other relatives, 3 percent lived with non-relatives, and 17 percent lived alone.

Older women are more likely to live alone than are older men. In 1998, older women were as likely to live with a spouse as they were to live alone, about 41 percent each. Approximately 17 percent of older women lived with other relatives and 2 percent lived with non-relatives.

Living Arrangements among older women also vary by race and Hispanic origin.  In 1998, about 41 percent of older white and older black women living alone, compared with 27 percent of older Hispanic women and 21 percent of older Asian and Pacific Islander women.  While 15 percent of older white women lived with relatives, approximately one third of older black, Asian and Pacific Islander, and Hispanic women living with other relatives.

Poverty

PERCENTAGE OF PERSONS AGE 65 OR OLDER LIVING IN POVERTY, BY SELECTED CHARACTERISTICS, 1998
TOTAL 10.5
NON-HISPANIC WHITE 8.2
NON-HISPANIC BLACK 26.4
NON-HISPANIC ASIAN AND PACIFIC ISLANDER 16.0
HISPANIC 21.0
Note: The poverty level is based on money income and does not include noncash benefits, such as food stamps. Poverty thresholds reflect family size and composition and are adjusted each year using the annual average Consumer Price Index level. For more detail, see U.S. Census Bureau, Series P-60, No. 207. For information on the measurement of poverty see note below.
Reference population: These data refer to the civilian noninstitutional population. 
Source: March Current Population Survey.

Among older Americans, the poverty rate is higher at older ages. In 1998, poverty rates were 9 percent for persons ages 65 to 74, 12 percent for persons ages 75 to 84, and 14 percent for persons age 85 or older.

Among the older population, poverty rates are higher among women (13 percent) than among men (7 percent), among the non-married (17 percent) compared with the married (5 percent), and among minorities compared with non-Hispanic white persons. In 1998, divorced black women ages 65 to 74 had a poverty rate of 47 percent, one of the highest rates for any subgroup of older Americans.

Net Worth

MEDIAN HOUSEHOLD NET WORTH, BY SELECTED CHARACTERISTICS, IN THOUSANDS OF 1999 DOLLARS, 1984 TO 1999
1984 1989 1994 1999
RACE, HEAD OF HOUSEHOLD AGE 65 OR OLDER
BLACK  $24.0  $30.2  $41.6  $13.0
see note
WHITE  $105.3  $115.6  $125.9  $181.0
Note: Medians are calculated using sample weights. The survey measures net equity in homes and nonhousing assets divided into six categories: other real estate and vehicles; farm or business ownership; stocks, mutual funds, investment trusts, and stocks held in IRAs; checking and savings accounts, CDs, treasury bills, savings bonds, and liquid assets in IRAs; bonds, trusts, life insurance, and other assets; and other debts. The survey measure of net worth excludes the present value of future private pensions and rights to future Social Security payments.
Reference population: These data refer to the civilian noninstitutional population.

There is a large disparity in net worth between black and white households headed by older Americans. In 1999, median net worth among older black households was estimated to be about $13,000, compared with $181,000 among older white households.

Life Expectancy

LIFE EXPECTANCY BY AGE GROUP AND RACE, IN YEARS, 1997
WHITE
BLACK
LIFE EXPECTANCY AT BIRTH
77.1
71.1
LIFE EXPECTANCY AT AGE 65
17.8
16.1
LIFE EXPECTANCY AT AGE 85
6.2
6.4
Reference population: These data refer to the resident population.
Source: National Vital Statistics System.

Life expectancy varies by race, but the difference decreases with age. In 1997, life expectancy at birth was 6 years higher for white persons than for black persons. At age 65, white persons can expect to live an average of 2 years longer than black persons do. Among those who survive to age 85, however, the life expectancy among black persons is slightly higher than among white persons. The declining race differences in life expectancy at older ages are a subject of debate.  Some research shows that age mis-reporting may have artificially increased life expectancy for black persons, particularly when birth certificates were not available.  Other research, however, suggests that black persons who survive to the oldest ages may be healthier than white persons and have lower mortality rates.

Leading Cause of Death, at 65 + and at 85 +

LEADING CAUSES OF DEATH AMONG PERSONS AGE 65 OR OLDER, BY SEX AND RACE AND HISPANIC ORIGIN, 1997
WHITE BLACK ASIAN AND PACIFIC ISLANDER AMERICAN INDIAN AND ALASKA NATIVE HISPANIC
MEN
1 Heart Disease Heart Disease Heart Disease Heart Disease Heart Disease
2 Cancer Cancer Cancer Cancer Cancer
3 Stroke Stroke Stroke Diabetes Stroke
4 COPD COPD Pneumonia and Influenza Stroke Diabetes
5 Pneumonia and Influenza Pneumonia and Influenza COPD COPD Pneumonia and Influenza
6 Diabetes Diabetes Diabetes Pneumonia and Influenza COPD
7 Unintentional Injuries Nephritis Unintentional Injuries Unintentional Injuries Unintentional Injuries
8 Nephritis Unintentional Injuries Nephritis Chronic Liver Disease and Cirrhosis Chronic Liver Disease and Cirrhosis
9 Alzheimer's Disease Septicemia Hypertension Nephritis Nephritis
10 Septicemia Hypertension Septicemia Septicemia Septicemia
NUMBER OF DEATHS FROM ALL CAUSES
704,603 69,898 10,441 2,485 24,988
         
WOMEN
1 Heart Disease Heart Disease Heart Disease Heart Disease Heart Disease
2 Cancer Cancer Cancer Cancer Cancer
3 Stroke Stroke Stroke Diabetes Stroke
4 COPD Diabetes Pneumonia and Influenza Stroke Diabetes
5 Pneumonia and Influenza Pneumonia and Influenza Diabetes Pneumonia and Influenza Pneumonia and Influenza
6 Diabetes COPD COPD COPD COPD
7 Alzheimer's Disease Nephritis Unintentional Injuries Unintentional Injuries Unintentional Injuries
8 Unintentional Injuries Septicemia Nephritis Nephritis Chronic Liver Disease and Cirrhosis
9 Nephritis Hypertension Hypertension Septicemia Nephritis
10 Atherosclerosis Unintentional Injuries Septicemia Chronic Liver Disease and Cirrhosis Alzheimer's Disease
NUMBER OF DEATHS FROM ALL CAUSES
844,062 85,445 9,363 2,575 26,383
Note: COPD=Chronic obstructive pulmonary diseases. Hispanics may be of any race.
Reference population: These data refer to the resident population.
Source: National Vital Statistics System.
LEADING CAUSES OF DEATH AMONG PERSONS AGE 85 OR OLDER, BY SEX AND RACE AND HISPANIC ORIGIN, 1997
WHITE BLACK ASIAN AND PACIFIC ISLANDER AMERICAN INDIAN AND ALASKA NATIVE HISPANIC
MEN
1 Heart Disease Heart Disease Heart Disease Heart Disease Heart Disease
2 Cancer Cancer Cancer Cancer Cancer
3 Stroke Stroke Stroke Diabetes Pneumonia and Influenza
4 Pneumonia and Influenza Pneumonia and Influenza Pneumonia and Influenza Pneumonia and Influenza Stroke
5 COPD COPD COPD COPD COPD
6 Unintentional Injuries Nephritis Diabetes Diabetes Diabetes
7 Diabetes Diabetes Unintentional Injuries Unintentional Injuries Unintentional Injuries
8 Nephritis Septicemia Nephritis Nephritis Nephritis
9 Alzheimer's Disease Unintentional Injuries Hypertension Septicemia Alzheimer's Disease
10 Atherosclerosis Hypertension Alzheimer's Disease Hypertension Septicemia
NUMBER OF DEATHS FROM ALL CAUSES
177,227 13,767 2,699 468 5,671
WOMEN
1
Heart Disease Heart Disease Heart Disease Heart Disease Heart Disease
2
Stroke Cancer Stroke Stroke Cancer
3
Cancer Stroke Cancer Cancer Stroke
4
Pneumonia and Influenza Pneumonia and Influenza Pneumonia and Influenza Pneumonia and Influenza Pneumonia and Influenza
5
COPD Diabetes COPD Diabetes Diabetes
6
Alzheimer's Disease Septicemia Diabetes COPD COPD
7
Diabetes Nephritis Unintentional Injuries Unintentional Injuries Alzheimer's Disease
8
Unintentional Injuries Hypertension Hypertension Alzheimer's Disease Atherosclerosis
9
Atherosclerosis COPD Septicemia Septicemia Nephritis
10
Nephritis Alzheimer's Disease Nephritis Atherosclerosis Unintentional Injuries
NUMBER OF DEATHS FROM ALL CAUSES
368,037 28,348 2,813 709 9,232
Note: COPD=Chronic obstructive pulmonary diseases. Hispanics may be of any race.
Reference population: These data refer to the resident population.
Source: National Vital Statistics System.

In 1997, the leading cause of death among persons age 65 or older was heart disease (1,832 deaths per 100,000 persons), followed by cancer (1,133 per 100,000), stroke (426 per 100,000), chronic obstructive pulmonary diseases (281 per 100,000), pneumonia and influenza (237 per 100,000), and diabetes (141 per 100,000). Among persons age 85 or older, heart disease was responsible for 40 percent of all deaths.  In 1997, death rates were higher for older men than for older women at every age except the very oldest, persons age 95 or older, for whom men’s and women’s rates were nearly equal.

The relative importance of certain causes of death varied according to sex and race and Hispanic origin. For example, in 1997, diabetes was the third leading cause of death among American Indian and Alaska Native men and women age 65 or older, the fourth leading cause of death among older Hispanic men and women, and ranked sixth among older white men and women and older Asian and Pacific Islander men.  Alzheimer’s disease was the sixth leading cause of death among white women age 85 or older; however, it was less common among black women in the same age group or men of either race.

Self – Rated Health Status

PERCENTAGE OF PERSONS AGE 65 OR OLDER WHO REPORTED GOOD TO EXCELLENT HEALTH, BY AGE GROUP, SEX, AND RACE AND HISPANIC ORIGIN, 1994 TO 1996
ALL PERSONS NON-HISPANIC WHITE NON-HISPANIC BLACK HISPANIC
TOTAL
65 OR OLDER 72.2 74.0 58.4 64.9
MEN
65 OR OLDER 72.0 73.5 59.3 65.4
65 TO 74 74.6 76.3 61.6 68.7
75 TO 84 68.3 69.4 56.4 59.7
85 OR OLDER 65.0 67.3 45.0 50.9
WOMEN
65 OR OLDER 72.4 74.3 57.8 64.6
65 TO 74 75.2 77.5 59.3 68.5
75 TO 84 69.8 71.7 55.3 59.3
85 OR OLDER 65.1 66.4 56.0 55.1
Note: Data are based on a three-year average from 1994 to 1996. Hispanics may be of any race.
Reference population: These data refer to the civilian noninstitutional population.
Source: National Health Interview Survey.

During the period 1994 to 1996, 72 percent of older Americans reported their health as good, very good, or excellent.  Women and men reported comparable levels of health status.  Positive health evaluations decline with age. Among non-Hispanic white men ages 65 to 74, 76 percent reported good to excellent health, compared with 67 percent among non-Hispanic white men age 85 or older. A similar decline with age was reported by non-Hispanic black and Hispanic older men, and by women, with the exception of non-Hispanic black women.

Among older men and women in every age group, non-Hispanic black and Hispanic persons were less likely to report good health than non-Hispanic white persons.

Mammography

TABLE 22PERCENTAGE OF WOMEN AGE 65 OR OLDER WHO REPORTED HAVING HAD A MAMMOGRAM WITHIN THE PAST TWO YEARS, BY RACE AND HISPANIC ORIGIN, 1987 TO 1994
1987 1990 1991 1993 1994
TOTAL 22.8 43.4 48.1 54.2 55.0
NON-HISPANIC WHITE 24.0 43.8 49.1 54.7 54.9
NON-HISPANIC BLACK 14.1 39.7 41.6 56.3 61.0
HISPANIC 13.7 41.1 40.9 35.7 48.0
Note: Questions concerning use of mammography differed slightly on the National Health Interview Survey across the years for which data are shown. In 1987 and 1990 women were asked to report when they had their last mammogram. In 1991 women were asked whether they had a mammogram in the past two years. In 1993 and 1994 women were asked whether they had a mammogram within the past year, between one and two years ago, or over two years ago. Hispanics may be of any race.
Reference population: These data refer to the civilian noninstitutional population.
Source: National Health Interview Survey.

Among women age 65 or older, the percentage who had a mammogram within the preceding two years increased from 23 percent in 1987 to 55 percent in 1994.

The percentage of women who had a mammogram increased among all racial and ethnic groups. Until recently, non-Hispanic white women were the most likely to report having had a mammogram, but in 1994 non-Hispanic black women were more likely to report having had a mammogram (61 percent) than either non-Hispanic white women (55 percent) or Hispanic women (48 percent).

Access to Medicare

TABLE 28B:  ACCESS TO AND SATISFACTION WITH HEALTH CARE AMONG MEDICARE BENEFICIARIES AGE 65 OR OLDER, BY RACE AND HISPANIC ORIGIN, 1996
RACE AND HISPANIC ORIGIN
TOTAL NON-HISPANIC WHITE NON-HISPANIC BLACK HISPANIC
PERCENT REPORTING DIFFICULTY OBTAINING CARE 2.3 2.1 3.8 2.9
PERCENT REPORTING THEY DELAYED 5.5 5.0 9.6 7.3
GETTING CARE DUE TO COST        
PERCENT REPORTING THEY WERE UNSATISFIED OR VERY UNSATISFIED WITH HEALTH CARE 3.0 2.9 2.5 3.7
Reference population: These data refer to noninstitutional Medicare beneficiaries.
Source: Medicare Current Beneficiary Survey.

In 1996, about 7 percent of persons ages 65 to 74 reported delays in obtaining health care due to cost, compared with 5 percent of persons ages 75 to 84, and 3 percent of persons age 85 or older.  Access to health care varied by race. In 1996, the percentage of older Americans who reported delays due to cost was highest among non-Hispanic black persons (10 percent), followed by Hispanic persons (7 percent), and non-Hispanic white persons (5 percent). About 2 percent of non-Hispanic white persons reported difficulty in obtaining health care, compared with 4 percent of non-Hispanic black persons and 3 percent of Hispanic persons.

Vaccinations

PERCENTAGE OF PERSONS AGE 65 OR OLDER WHO REPORTED HAVING BEEN VACCINATED AGAINST INFLUENZA AND PNEUMOCOCCAL DISEASE, BY RACE AND HISPANIC ORIGIN, 1989 TO 1995
1989 1991 1993 1994 1995
INFLUENZA
NON-HISPANIC WHITE 32.0 42.8 53.1 56.9 60.0
NON-HISPANIC BLACK 17.7 26.5 31.1 37.7 39.5
HISPANIC 23.8 33.2 46.2 36.6 49.5
PNEUMOCOCCAL DISEASE
NON-HISPANIC WHITE 15.0 21.0 28.7 30.5 34.2
NON-HISPANIC BLACK 6.2 13.2 13.1 13.9 20.5
HISPANIC 9.8 11.0 12.2 13.7 21.6
Note: Hispanics may be of any race. For influenza, the percent vaccinated consists of persons who reported having a flu shot during the past 12 months. For pneumococcal disease, the percent refers to persons who reported ever having a pneumonia vaccination.
Reference Population: These data refer to the civilian noninstitutional population.
Source: National Health Interview Survey.

Healthy People 2000, a national effort to improve health through establishing health objectives and measuring progress, set targets of 60 percent coverage for both influenza and pneumococcal vaccinations among older Americans. The costs associated with these vaccinations are covered under Medicare Part B for Medicare beneficiaries.

Between 1989 and 1995, the percentage of non-Hispanic white persons who were vaccinated against influenza increased from 32 percent to 60 percent. Over the same period, influenza vaccination rates increased from 18 percent to 40 percent among older non-Hispanic black persons and from 24 percent to 50 percent among older Hispanic persons.

Vaccination rates also increased for pneumococcal disease, but none of the racial or ethnic groups have reached the 60 percent target.  During the period 1993 to 1995, the level of vaccination for both influenza and pneumococcal disease was similar among older women and men. Persons ages 75 to 84 had slightly higher levels of vaccination coverage than persons ages 65 to 74 and persons age 85 or older.

Minority Participation in Older Americans Act Programs

In 1997, network on aging provided services to a total of 6,891,419 persons age 60 and older. Consistent with the targeting requirements of the OAA, the network placed considerable emphasis on services to persons with the greatest social and economic need, including members of racial and ethnic minority groups, especially those who are poor. Among the OAA Title III service recipients, 21.8 percent were members of racial and ethnic minority groups.

Nearly half of the minority clients were African American, more than one-third were of Hispanic origin, 6 percent were American Indian or Alaskan Native and approximately 10 percent were Asian American or Pacific Islander. Within this minority group cohort, nearly 60 percent were poor, poverty rate over two and one-half times higher than the minority elderly population overall.

Characteristics of Minority Clients Served under Title III of the OAA, 1997

Characteristics

Clients

Total Minority Population 60+

Total Minority

1,500,814

7,320,541

African American

49.1%

50.6%

Hispanic

35.0%

32.3%

American Indian/
Alaskan Native

6.0%

2.4%

Asian American
Pacific Islander

10.0%

13.4%

Minority in Poverty

58.7%

23.2%


Special Note about the Net Worth Data on Assets of Black Persons 65+ in 1999:

In response to a number of users who have inquired about this figure, the following information is provided by National Institute on Aging, who supplied this data:  This figure was collected by the Panel Study of Income Dynamics (PSID). PSID is an ongoing study (since 1968) conducted by the University of Michigan. NIA staff consulted with the PSID study staff about this issue when the data was originally received and have the following the comments:

  • The data is real (not a typo).
  • Because the sample size here is fairly small, the fluctuations between different survey years may be somewhat greater than would be expected.
  • The decline in net worth may be somewhat due to the increased numbers of Black persons 75+ in the 65+ Black population (presumably the 75+ persons have fewer assets).
  • The PSID study staff are convinced that there was indeed a significant decline in the net worth of Blacks 65+ during this time frame.

The study staff also note that additional information on this issue is available at: http://www.isr.umich.edu/src/psid/FiveYearsOlder.pdf

There (Figure 2 and Appendix A), one can also see that the decrease in the wealth holdings of African-Americans, 1994-1999, was much more general.

Return to Net Worth Table


Site Utilities Tab Last Updated 9/9/2004             Email this page to a friend    Was the information on this page helpful?  
What’s New  |  Contact AoA  |  Visitors Guide  |  Site Map  |  Privacy Notice  |  Accessibility  |  FOIA  |  Topics A-Z Top