Saturday, April 21, 2012

Most elderly mainly dependent on Social Security

When people like Paul Ryan and Mitt Romney says they will not touch Social Security for anyone currently receiving it - don't believe it. = GWC

 "55 percent of the elderly get more than half their income from Social Security; 33 percent get more than 80 percent of their income from that source.
And if you look at Table 10.5 you see that the elderly in the middle of the income distribution get 66 percent of their income from Social Security, versus 9 percent from private pensions and just 5 percent from assets.
If that’s not the way the elderly people you know live, that’s because they’re not representative."

No comments:

Post a Comment