9.5 Magnitude - May 22, 1960 near Valdivia, Chile. 1  World's largest earthquake - tsunami map: The Chilean earthquake produced a powerful tsunami that traveled at a speed of about 200 miles per hour across the Pacific Ocean. The wave killed 61 people in Hawaii, 138 in Japan, and 32 in the Philippines.
Pensions are another source of the average retirement income. About 30.3 percent of persons 65 and over have an average of $17,162 in pensions per year. This is another source of income that is declining. Most companies are phasing out their pension plans.ower Retiree Income. By comparing average income for people in the 65 to 74 year age group to the average income they made 10 years earlier in the 55 to 64 year age group, I found that retirees have an approximately 23 percent drop in real income.
As a result, the so-called golden years are looking less than golden for some post 50s. According to the Administration on Aging, the median income of people over 65 was $27,707 for men and $15,362 for women in 2011. Many post 50s may consider going overseas to retire on a budget since there are a variety of low-cost options abroad.