Comment by mallardramp on 05/02/2025 at 22:44 UTC

28 upvotes, 4 direct replies (showing 4)

View submission: Living with no Retirement money

About 40% only rely on Social Security: https://www.nirsonline.org/2020/01/new-report-40-of-older-americans-rely-solely-on-social-security-for-retirement-income/

Replies

Comment by PresenceImportant818 at 05/02/2025 at 23:35 UTC

7 upvotes, 2 direct replies

Wow.  I didn’t realize the percentage was so high

Comment by rapidpuppy at 05/02/2025 at 23:40 UTC

7 upvotes, 1 direct replies

Looks like that study has been fact checked and some questions have been raised

https://www.forbes.com/sites/andrewbiggs/2020/01/27/factcheck-do-40-of-retirees-rely-on-social-security-for-their-entire-income/

Comment by Ancient-Highlight112 at 06/02/2025 at 15:35 UTC

2 upvotes, 1 direct replies

That's me, but my son and I live together and he's 65 but working PT and collecting his own SS now. We support 2 dogs and a cat.

Comment by VTHome203 at 05/02/2025 at 23:51 UTC

1 upvotes, 1 direct replies

Others report much higher %. I don't believe this