In 2008, the median income of adults aged 55-64 was $57,265—11% lower than the 45-54 age group whose median income is $64,349.

In 2008, the median income of adults aged 55-64 was $57,265—11% lower than previous age group (45-54) whose median income is $64,349.[i]  Lower income combined with higher costs for health care and insurance can lead to significant financial burden on adults in this age cohort.