2 results for tag: Social Security
The Looming Retirement Crisis
The Looming Retirement Crisis
By Joyce Luedke
Currently half of all Americans 65 and older live on $18,000 a year or less.
75% of those nearing retirement age have less than $30,000 saved for retirement.
In Wisconsin 101,000 people 65 and older claim the Homestead Tax Credit.
In Wisconsin more than 48,000 households with people 60 or older received food stamps in 2010.
The number of people 65 and older is projected to nearly double over the next 30 years.
The number of people 85 and older will skyrocket 142% to 287,000.
The number of people 65 and older is projected to nearly double over the next 30 years.
The ...
SAVING FOR RETIREMENT
SAVING FOR RETIREMENT
By Joyce Luedke
The numbers are stark. Few Americans have saved for retirement. Those with access to 401(k)’s have not saved enough.
" Sixty five percent of respondents to an August 2012 AARP survey said they worry they won't have enough to retire and 72% believe they will have to delay retirement."
Social Security benefits represent about 38% of income for the elderly .
Twenty-two percent of married couples and about 47% of unmarried people rely on Social Security for 90% or more of their income.
In 2014, 101,000 people 65 and older in Wisconsin claimed the Homestead Tax Credit. (Dave Hansen's radio ...