A survey conducted by The Senior Citizens League, a non-profit that advocates for increased Social Security benefits, found that 27 percent of older Americans rely solely on Social Security for their income.
By the numbers: Sixty-seven percent of respondents said they depended on Social Security payments for between 51 to 99 percent of their income, while 11 percent said it accounted for 25 percent or less.
In TSCL’s survey, 62 percent reported worrying that their income won’t be enough to cover basic essentials, like rent and food. Even more, 69 percent, said they’re concerned that rising prices will force them to raise their spending and deplete their savings.
