For the average American retiring today, the largest single source of retirement income is from _______.

Question

Quizplus · Accepted Answer

Social Security provides the largest source of retirement income for the average American, as it is a government-administered program that provides benefits to workers and their families in the form of retirement, disability, and survivor benefits. Pension benefits through a job and private savings may also contribute to retirement income, but they are not typically as substantial or universal as Social Security benefits. Supplemental Security Income is a needs-based program that provides financial assistance to low-income individuals and is not specifically intended as a retirement income source.

For the Average American Retiring Today, the Largest Single Source