"Key findings from the report include: [1] Nearly half of Americans 55 and older have no retirement savings. [2] 52 percent of Americans 65 and older are living on less than $30,000 annually and one in four survive on less than $15,000 per year. [3] Nearly 5.3 million Americans 65 and older live in poverty, roughly 1 in 10 seniors. [4] Nearly half of all Americans are at risk of a financially insecure retirement, up from one in three workers in 1983. [5] The average monthly Social Security benefit in 2023 was only about $1,782, or $21,384 annually. [6] The top 20 percent of earners receive 63 percent of the $202 billion in annual income tax breaks for retirement accounts, while the bottom 60 percent receive just 13.4 percent of these breaks."

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