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Baby Boomers Are Overestimating Future Social Security Income (www.bloomberg.com)
submitted 11 months 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

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[-] Deftdrummer@lemmy.world 23 points 11 months ago

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

[-] deconstruct@lemmy.world 5 points 11 months 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 11 months ago

The archive.ph looks good, thanks for sharing

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

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