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Retirement Planning > Social Security

Social Security Survey Stats

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  • 55% – of people aged 65+ say they do or plan to rely on Social Security “in a substantial way.”
  • 41% – People aged 50+ are more likely to say they rely or plan to rely most on payments from Social Security for their retirement income with only 13% for people under 50.
  • 65% – of 50+ people say Social Security will be more important to them when they retire than they thought it would be when they were in their 20s or 30s.
  • 34% – of the 50+ crowd think Social Security is or will be “much” more important than they did when they were younger.
  • 81% – of people oppose cutting Social Security as a way to help reduce the deficit. 71% “strongly” oppose it.

    Source: AARP