Economy

More Americans expecting to rely more on Social Security

by Vicki Needham - 04/29/10 11:19 PM ET

Overall, 23 percent expect to rely on work-sponsored pension plans, down 8 percentage points, 20 percent are looking to individual stock or mutual fund investments as their primary source of income, down 4 percentage points.

On the other hand, a majority of retirees — 54 percent — said in a 2008 poll that they expected Social Security to be their major source of income. Pension plans came in second at 37 percent followed by 401(k)s and IRAs at 22 percent and home equity at 20 percent.

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