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Social Security served more seniors, DC plans pay more

BY Danielle Andrus

Published 2/9/2010 More From This Issue »

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2.5 million – Number of people over 60 who receive income from a defined-contribution account; an additional 3.5 million receive income from a spouse’s account.
37.6 million – Number of people who receive benefits from Social Security; an additional 2.1 million have a spouse who receives benefits.
$24,435 – Mean annual amount from a senior’s DC account, compared with $11,965, the mean annual amount from Social Security.
$11,970 - The median annual amount from a senior’s DC account, compared with $12,038 from Social Security.

Source: National Institute on Retirement Security

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