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Sources of incomes and the assets of older Australians

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Colin Brown
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Conference Paper 96/2

Paper presented at the fourth Colloquium of Superannuation Researchers, University of Melbourne, 4-5 July 1996.

This paper presents the results of the RIM study into the distribution of income and assets of Australians aged 60 and over. RIM is using the data developed by this study to set the initial stock of assets of the retired in its new aggregate population model, RIMGROUP. The study has generated a considerable amount of information about the distribution of income and assets of older Australians by age, gender, retirement status and income level which I present in this paper. The data show that pension income is the major income source of older Australians, followed by interest income and then superannuation pensions, which are mainly received by males.