How many people are financially Independent during retirement?

According to the Social Security Administration, people age 65 and older:

1. 35.8% have incomes under $20,000
2. 28.6% have incomes under $20,000 to $40,000
3. 20.3% have incomes under $40,000 to $75,000
4. Only 15.3% have incomes in excess of $75,000

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Source: Social Security Administration, Office of Policy, Income of the Population 55 or Older, 2012,released April 2014.

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