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Survey of Older Minnesotans - Archives
2001 Issues Briefs - Work,
Retirement and Income
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Many older Minnesotans continue to work
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- Some Minnesotans continue to work well
beyond their 65th birthday.
Among people aged 65-74, nearly one in
five earns income from a job - although
the majority of older workers have
part-time rather than full-time
employment. Among those who are not
working, nearly 16 percent would like to
work for pay, and especially so among
those with lower per capita incomes.
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- People’s primary source of income
changes as they age. Employment as an
income source decreases, and dependence on
Social Security increases as people get
older. Older people with lower incomes
depend almost entirely on Social Security,
while those with higher incomes are more
likely to obtain income from employment
and private pensions.
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