110
Baby Boomers Are Overestimating Future Social Security Income (www.bloomberg.com)
submitted 1 year ago by deconstruct@lemmy.world to c/personalfinance@lemmy.ml
15 comments fedilink hide all child comments

Baby boomers anticipate that 47% of pre-retirement earnings will be replaced by Social Security, according to results of an annual survey from the Nationwide Retirement Institute. But the reality for someone making what the Social Security Administration considers the average wage in recent years, about $60,000, is more like 37%, according to the Committee for a Responsible Federal Budget. And the percentage drops as household income rises.

Alternate: https://archive.ph/Hx1PM

you are viewing a single comment's thread
view the rest of the comments
[-] Deftdrummer@lemmy.world 23 points 1 year ago

Very little information contained here, and riddled with ads. Thanks for the effort I guess.

[-] deconstruct@lemmy.world 5 points 1 year ago

Does the archive.ph link also have ads? I use a blocker so I don't see any.

[-] Blaze@discuss.tchncs.de 2 points 1 year ago

The archive.ph looks good, thanks for sharing

this post was submitted on 25 Aug 2023
110 points (96.6% liked)

Personal Finance

3819 readers
2 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago
MODERATORS
WandererLagomorph799@lemmy.ml
nieceandtows@programming.dev
nieceandtows@lemmy.ml