Social Security provides about 30% of older Americans' household income, according to a Congressional Research Service report.
Earnings, pensions, retirement account withdrawals, and investments also contribute to older Americans' income.
Social Security's share of income rises with age, reaching about 40% among adults 80 and older.
You may envision relying on Social Security during retirement, but the data show older adults tend to depend on other income sources.
About 19% of Americans 65 and older whose households received Social Security relied on it for 90% or more of household income in 2019, according to a 2025 Congressional Research Service report. Other sources fill the gap, according to the **** ysis: earnings, pension and retirement fund payments, and income from **** ets. The report matched Social Security Administration records with survey responses and included people still working.
#Social #income #Retirement #Research
Earnings, pensions, retirement account withdrawals, and investments also contribute to older Americans' income.
Social Security's share of income rises with age, reaching about 40% among adults 80 and older.
You may envision relying on Social Security during retirement, but the data show older adults tend to depend on other income sources.
About 19% of Americans 65 and older whose households received Social Security relied on it for 90% or more of household income in 2019, according to a 2025 Congressional Research Service report. Other sources fill the gap, according to the **** ysis: earnings, pension and retirement fund payments, and income from **** ets. The report matched Social Security Administration records with survey responses and included people still working.
#Social #income #Retirement #Research
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