New figures show Social Security remained the most common source of retirement income last year, while a large majority of retirees also drew money from private sources. The data, covering U.S. retirees, suggest a broad shift toward mixed income strategies as households manage longer lifespans, volatile markets, and rising living costs. The findings matter for families planning retirement, for employers shaping benefits, and for policymakers weighing the future of Social Security. They point to growing reliance on multiple streams to cover essential expenses and handle health care needs. What the Numbers Say “Social Security was the most common source of retirement income last year. But 81% of retirees had one or more types of private income.” This picture of retirement income highlights a dual reality. Social Security offers a base layer of guaranteed payments. Yet most retirees also use accounts, pensions, or part-time work to fill gaps. How Retirees Build Income Private income can take many forms. Some are steady, and others rise and fall with markets or interest rates. The mix affects how secure a household feels and how much it can spend each year. Employer pensions and annuities 401(k) and IRA withdrawals Taxable investment accounts Rental income or […]
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