Younger generations have written off Social Security as a means of funding their retirement, but those 65 and older continue to rely on it as a major share of their retirement income.
That's according to the Employee Benefit Research Institute's 2013 Retirement Confidence Survey, which found that 77 percent of workers today are less likely to expect Social Security income in retirement than today's retirees are to report having this income (93 percent).
EBRI also found that those surveyed are half as likely to expect Social Security to be a major share of their income in retirement (33 percent) as today's retirees are to say that Social Security is a major share of their income (70 percent).
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
