The amount of pre-retirement earnings replaced by the government program will be less than many surveyed workers expect.

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.

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  • niktemadur@lemmy.worldEnglish
    122·
    10 months ago

    One has to wonder how many of them have been conned by reality-distorting right-wing propaganda into the stance “Keep your dirty government hands off my Medicare” and vote republican.