Tuesday, February 9, 2010

Social Security & Defined Contribution Plan Statistics...

2.5 million – Number of people over 60 who receive income from a defined-contribution account; an additional 3.5 million receive income from a spouse’s account.

37.6 million – Number of people who receive benefits from Social Security; an additional 2.1 million have a spouse who receives benefits.

$24,435 – Mean annual amount from a senior’s defined-contribution account, compared with $11,965, the mean annual amount from Social Security.

$11,970 - The median annual amount from a senior’s defined-contribution account, compared with $12,038 from Social Security.

Source: National Institute on Retirement Security

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