Only about 23 percent of retirees rely solely on Social Security, according to the Gallup polling organization. The rest have one or more additional sources of income, a 2024 Federal Reserve report shows:
- More than half have a pension, 401(k) or 403(b).
- Almost half have interest, dividends or rental income.
- A third have a job, at least on the side, or a working spouse.
- And 8 percent get cash transfers other than Social Security.
Understanding Social Security Retirement Benefits
