AP release: “Retirement Planning in America: Anxiety, Inequality, and the Role of Social Security, focuses on attitudes and planning behaviors about retirement. The results reveal a number of inequalities in older Americans’ retirement planning, with significant divides between lower- and upper-income Americans. Income levels and feelings of anxiety are also related to the type and number of income sources individuals have or expect to rely on during retirement. Many older Americans plan to rely heavily on Social Security to fund their retirements and also plan to take these benefits early, even though doing so may reduce the total amount they receive.”
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