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Page 6 · column 3 of 9 · from the scan, no model involved
Social Security
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About 20 percent of the Nation’s older married couples have annual incomes of $6,000 or more, according to a study reported by Mrs. Hazel F. Crumpton, social security district manager in Winchester.
Social security benefits, she said, make up 30 percent of the income of this group-married couples with one or both members 65 or older.
Social security made the study, which covered 5 million older couples, to find out more about the income levels and living standards of the 65-and-over couples. The study showed that one out of five of these couples had sufficient income to meet the $6,108 “higher” budget developed by the Bureau of Labor Statistics for urban couples “who seek to maintain health and well-being and to participate in community activities.” About 26 percent of the older couples surveyed had annual incomes high enough to meet the BLS $3,857 “intermediate” budget and another 17 percent had incomes above the $2,671 “lower” budget.
“The rest of these older couples live on incomes below the lower budget level,” she said.
The couples surveyed included both retired and working people.
Overall, social security payments accounted for about 30 percent of the total income of these older people, Mrs. Crumpton said. Other income came from: wages and salaries, 39 percent; income from assets, 13 percent ;« pensions, 12 percent; veterans’ benefits, 3 percent; welfare, 2 percent, and other sources, 1 percent.
“Social security retirement benefits are, of course, intended
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