IRA Assets and Contributions, 2006; and Income of the Elderly Population Age 65 and Over, 2006
IRA Assets and Contributions, 2006: Assets in individual retirement accounts (IRAs) grew 16.5 percent in 2006, reaching a record $4.23 trillion, according to a study released by the nonpartisan Employee Benefit Research Institute (EBRI). (Press release) Income of the Elderly Population Age 65 and Over, 2006: Median income of the elderly increased at an average annual rate of 1.0 percent from 1989–1999 and by 0.34 percent from 1999–2006; elderly women receive a larger share of their income from Social Security than men, and the older a person is, the greater share of his or her income comes from Social Security.