Social Security served more seniors, DC plans pay more

  • 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 DC account, compared with $11,965, the mean annual amount from Social Security.
  • $11,970 - The median annual amount from a senior's DC account, compared with $12,038 from Social Security.

Source: National Institute on Retirement Security

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