Research by James Poterba at the Massachusetts Institute of Technology finds that the wealth of the U.S.'s elderly is highly skewed. About half of retirees have little or no financial wealth when they retire and depend almost entirely on Social Security for their income.

Greg Ip

About Almost Depend Elderly Entirely Financial Finds Half Highly Income Institute James Little Massachusetts Research Retire Security Social Social Security Technology Wealth

Related Quotes

My neighbors aren't millionaires. They're retirees who depend on Social Security and Medicare.

— Marco Rubio

DependMedicareMillionaires

It's hard to exaggerate the importance of preserving the financial integrity of Social Security.

— Bill Delahunt

ExaggerateFinancialHard

I've never said anything about privatizing Social Security.

— Bill Flores

AboutAnythingNever

I don't know of any bills we have. My pension and Social Security aren't huge, but between them we do nicely. We don't require a whole lot.

— Bill Brockmann

SecuritySocial Security

So there is a bookkeeping way to say that I am not using the Social Security cash flow, but the overall effect on the taxpayer and the economy is the same. The government is borrowing additional net money.

— Dallas Salisbury

SecuritySocial Security