About 90% of retirees say they rely on Social Security, approximately the same as the percentage of workers who expect Social Security to help them meet their retirement income needs. Similarly, about 60% of workers expect a traditional pension plan to provide income, which is only slightly higher than the percentage of retirees who say a pension helps pay their bills. In other cases, worker expectations differ dramatically from retiree realities.
Source: Employee Benefit Research Institute, 2024
Link to Printable PDF: 2024 10 October Newsletter
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Prepared by Broadridge Advisor Solutions Copyright 2024.
