Today's Workers Expect 20% of Their Retirement Income to Come From Social Security. Here's Why That's a Good Thing
Retiring on Social Security alone could set the stage for years of financial struggles. Yet many seniors inevitably go that route and have a hard time managing their bills, as a result.
It's therefore encouraging to see that today's workers expect to be far less reliant on Social Security once they enter retirement. In a recent Schwab survey, workers said they expect their Social Security benefits to account for about 20% of their retirement income. Meanwhile, they expect 40% of their retirement income to come from savings in a 401(k).
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Source Fool.com
