Sources of Income for Seniors in Retirement...

Social Security makes up about 40% of retirees’ incomes, while pensions and annuities add another 20% for people ages 65 and older.  

26% of the income comes from wages, with another 13% coming from assets.  

Of those who are retired, 80% receive some level of Social Security, 55% earn money on savings, while 35% have pensions.  

20% of people who have retired are still working.  

Here’s a scary thought:  The median income is just $18,000, which is up from $13,264 in 1974.  As you can see, retirement income has not really kept up with inflation.  

Not too surprisingly, women rely more on Social Security income than men, who have pensions and annuities to fall back on.  

(Source:  Employee Benefit Research Institute and U.S. Census Bureau)