Respuesta :
According to the pie chart, providing retirement income for older citizens consumed the largest portion of government expenditures in 2003. It takes up about 22% of the whole expenditure.
What does retirement income entail?
Social Security payouts and any other benefits from annuities, retirement or profit-sharing plans, insurance policies, IRAs, etc. are all examples of sources of retirement income.
Income from retirement may be wholly or partially taxed.
What Constitutes a Good Retirement Income?
Approximately 80% of your pre-tax salary before retiring, according to AARP, is a respectable retirement income. This is due to the fact that you won't be covering any income tax or other employment-related expenses once you stop working.
Where Does the Money for Retirement Come From?
There are many different ways for people to fund their retirement. These might include inflation-protective investment accounts, government-sponsored benefits, or ongoing wages. In general, it's better to have a variety of these kinds of income to make sure you have enough to live comfortably.
Learn more about incomes with the help of the given link:
brainly.com/question/6907154
#SPJ4
