"Total household balances in retirement-type accounts for those 65 and up are $407,581 on average.... For 12% of men and 15% of women, Social Security comprises 90% or more of retirement income.... Households headed by people 65 or older spend an average of $7,030 a year on healthcare.... Older adults spent less time socializing, volunteering and attending religious services in 2021, compared with 2011.... People 65 to 74 have a median net worth of $266,400 and an average net worth of $1,217,700."