Eachibit 14.1 Sources of Income for the Average Retiree Socia Security is the single largest
source of income for the average U.S. retiree. This source alone is larger than the amount the
average retiree receives from pension plans and personal wealth/investment assets combined.
Percentage distribution of sources of income for married couples and nonmarried people who are
age 65 and over, 1962-2010 Percent Percent 100 90 80 70 60 100 90 80 70 60 50 40 30 20 10
Other 10 16 Earnings 29 28 Pensions 12 Asset income 15 40 20 Social Security 31 34 10 1962
1967 1976 1980 1990 2000 2010 Note: A married couple is age 65 and over if the husband is age
65 and over or the husband is younger than age 55 and the wife is age 65 and over. The
definition of other\" includes, but is not limited to, public assistance, unemployment
compensation, worker\'s compensation, alimony, child support, and personal contributions.
Reference populationt Thesedata refer tothe civilian noninstitutionalized population.
Solution
Answer: Current expenses = $75,000 Current income = $55,000 Expenses afetr 20 year
$93,750.00 Income after 20 year 176392.451 surplus in 20 years = $82,642.45.
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Eachibit 14.1 Sources of Income for the Average Retiree Socia Securit.pdf
1. Eachibit 14.1 Sources of Income for the Average Retiree Socia Security is the single largest
source of income for the average U.S. retiree. This source alone is larger than the amount the
average retiree receives from pension plans and personal wealth/investment assets combined.
Percentage distribution of sources of income for married couples and nonmarried people who are
age 65 and over, 1962-2010 Percent Percent 100 90 80 70 60 100 90 80 70 60 50 40 30 20 10
Other 10 16 Earnings 29 28 Pensions 12 Asset income 15 40 20 Social Security 31 34 10 1962
1967 1976 1980 1990 2000 2010 Note: A married couple is age 65 and over if the husband is age
65 and over or the husband is younger than age 55 and the wife is age 65 and over. The
definition of other" includes, but is not limited to, public assistance, unemployment
compensation, worker's compensation, alimony, child support, and personal contributions.
Reference populationt Thesedata refer tothe civilian noninstitutionalized population.
Solution
Answer: Current expenses = $75,000 Current income = $55,000 Expenses afetr 20 year
$93,750.00 Income after 20 year 176392.451 surplus in 20 years = $82,642.45
