Private pension income represents the largest single component of an elderly person's overall retirement income.

Question

Quizplus · Accepted Answer

Although the old-age insurance part of Social Security remains the largest single component of the elderly's overall retirement income (39%), the combination of private pensions (18%)and earnings from assets (savings and other investments like stock)account for an even larger share (16%).

Private Pension Income Represents the Largest Single Component of an Elderly