The “2013 Retirement Confidence Survey,” released earlier this year (see “Saving for Retirement Easier Said Than Done”), revealed employees are less likely to expect this income (77%) than today’s retirees are to report having this income (93%). They are also half as likely to expect Social Security to be a major share of their income in retirement (33%) as retirees are to say that Social Security is a major share of their income (70%).
EBRI research has shown 60% of Americans who are currently age 65 or older received at least 75% of their income from Social Security.
Additional findings from the survey, including expanded information regarding worker and retiree sentiments and experience regarding Social Security and Medicare, can be found here.
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