Which of the following is the principal source of income for the average retiree?
A) Earnings from income-producing assets (such as stocks and bonds)
B) Earnings from full- or part-time jobs
C) Pension plans
D) Social Security
E) Annuities

Question

Quizplus · Accepted Answer

Social Security is the principal source of income for most retirees. According to the Social Security Administration, over 60% of elderly beneficiaries rely on Social Security for half or more of their income, and for about 1 in 3 beneficiaries, it provides 90% or more of their income.

Which of the Following Is the Principal Source of Income