Social Security as a Share of Retirement Income30th August 2018
For millions of retirees, Social Security is more than just a part of their retirement income ― in many cases it is the vast majority of their retirement income. Social Security benefits account for half of family income for roughly 50 percent of those over the age of 65. The percentage of families in which Social Security benefits account for at least half of their retirement income rises to 70 percent for blacks and Hispanics. Benefits are roughly 90 percent of income for one in four of those 65 or older.
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