Most people can expect that Social Security will provide approximately ________ of their needed retirement income.
A) 50%
B) 35%
C) 25%
D) 15%

Question

Quizplus · Accepted Answer

According to the Social Security Administration, Social Security benefits are designed to replace about 40% of an average wage earner's income after retiring. However, this percentage may be lower or higher depending on the individual's work history, age at retirement, and other factors. Therefore, the closest answer among the choices provided is option C, which states that most people can expect Social Security to provide approximately 25% of their needed retirement income.

Most People Can Expect That Social Security Will Provide Approximately