Test Your Knowledge - Facts About Retirees

Retiree Quiz

Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of what approach you and your clients intend to take, here are few things about retirement that might surprise you.

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* 1. What is consider the standard age for retirement? (Hint: Key influencer was Germany)

62.5

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* 2. How many baby boomers each day turn 65 between now and the end of the next decade? (Hint: Roughly one person every 8 seconds)

1,000

5,000

10,000

25,000

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* 3. What percentage of retirees say they are confident about having enough money during retirement?

26%

41%

59%

64%

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* 4. What is the average monthly Social Security benefit at the beginning of 2018?

$1000

$1200

$1400

$1600

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* 5. Approximately, how many centenarians (people 100+ year) are in the US today? (Hint: in 1980 there were 32,000)

50,000

60,000

75,000

100,000

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* 6. In 2017, was percentage of retirees depend on Social Security as a major source of their income?

25%

33.3%

50%

66.6%