The purpose of the study was to examine the economic well-being of households whose heads were retired in 1989 utilizing the combined income and net worth measyre of economic well-being which was adjusted for households size and composition. The data came from the 1989 Survey of Consumer Finances. The results showed that (1) the economic well-being of retired households was 87% of the average economic well-being of total households in the United States (2) there were considerable differences in the economic well-being among retired households and (3)race, sex, age of head had significant direct and/or indirect effects on the economic well-being of retired households. Education and income of longest job were significant intervening variables whereas the duration of longest job was not. On the basis of the results implications for public policy and future research were made.