According to Data Provided by the Social Security Administration,what Percentage

question 27

Multiple Choice

According to data provided by the Social Security Administration,what percentage of the average retiree's retirement income came from asset income in 2001?

• A)3%.
• B)16%
• C)24%
• D)39%
• E)None of the above

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Definitions:

Beneficiary

An individual or entity entitled to receive benefits or assets from a will, trust, insurance policy, or other instruments.

Risk

The potential for loss, damage, or any other undesirable outcome, often associated with decisions or activities.

Premium

An additional amount paid for a service or product, or the level of coverage or benefits in an insurance policy.

Insured

A person or entity covered under an insurance policy to protect against certain risks or losses.