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Social Security replacement rates vary widely among retired workers
The original intention of Social Security was to replace 40 percent of an individual’s pre-retirement income with other retirement income from different sources to make up the balance. However, according to a report published by the National Institute on Retirement Security, 40.2 percent of retirees only receive income from Social Security in retirement. Trevor Jenniewine explains how replacement rates vary across workers with different income levels. Read Mr. Jenniewine’s article here…
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