What Difference Does Social Security Make To Poverty?

Did you know, that without social security in the US, some 45 percent seniors would be below poverty line?

We spotted these stats on Social Security today:

"Without Social Security, 45 percent of seniors would be under the poverty line. With Social Security, 10 percent of seniors are under the poverty line.

For the average 65-year-old retiring in 2010, Social Security replaced about 40 percent of working-age earnings. That “replacement rate” is scheduled to fall to 31 percent in the coming decades."

Statistics Source: EconomistsView