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4914.0.55.001 - Newsletter: Age Matters, Aug 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/09/2005   
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DID YOU KNOW?

In 2003-04,

  • for persons aged 65 years and over, who lived as a couple only, mean income of $399 per week each was higher than those in same age group who lived as lone persons ($350 per week). The respective mean income per week for total population aged 15 years and over persons living as couple only was $598 per week and $604 per week for lone persons.
  • for the population aged 65 years and over, 43% lived as a couple only and 47% as lone persons compared with 26% and 25% respectively for the total population aged 15 years and over.
  • 69% of all persons aged 65 years and over have government pensions and allowances as their principal source of income.
  • lone persons aged 65 years and over were more likely to have government pensions and allowances as their principal source of income than couples aged 65 years and over (77% compared to 68%).
  • 79% of persons aged 65 years and over owned their own home without a mortgage compared with 35% of the total population aged 15 years and over.
  • lone persons aged 65 years and over were less likely to own their home outright than couples aged 65 years and over (74% compared to 85%).
  • persons aged 65 years and over had the lowest mean incomes of $396 per week compared with $549 per week for the total population aged 15 years and over.
For further details, refer to Household Income and Income Distribution, Australia (cat.no 6523.0) which was released on 4 August.


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