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Posts tagged: Transamerica Center for Retirement Studies

Center: 21 percent of U.S. workers will rely on Social Security for their retirement

The Transamerica Center for Retirement Studies has issued an infographic that tries to suggest we're not doing a great job, us baby boomers, anyway, in preparing for retirement.

The center says that 21 million American workers believe they can rely on Social Security to be the primary source of income. That's about 21 percent of the worker population in the country.

ABout 56 percent of that group say, in interviews conducted by the center, they have a poor knowledge of how Social Security operates.

Catherine Collinson, president of the center, was quote in a release saying: “With so much discussion around the future of Social Security, it’s more important than ever that workers fully understand their benefits and what impact any changes the government makes would have on their retirement.”

One key role the center plays is to identify steps workers can take to become more educated about Social Security benefits.

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