Monday, October 26, 2009

Economics and Politics - Paul Krugman Blog -

Digby catches some of the talking heads saying that we’re all dependent on the stock market for our retirement. Which leads to the question, what do you mean “we”, rich man?

From here, sources of income among the second quartile of older Americans, that is, from the 50th to the 75th percentile:


Even in this group — which is above median, although not at the top — Social Security accounts for more than half of income. (It’s the great bulk of income among poorer retirees). Asset income is, by comparison, trivial.