401k Assets Reach $1.8 Trillion

401k statistics for the year as reported by the U. S. Department of Labor Employee Benefits Security Administration (EBSA):

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Social Security is the largest source of retirement income for households with someone aged 65 or older.
Social Security benefits are the foundation of retirement income for nearly all households with someone aged 65 or older—providing annually inflation-adjusted income for life—and are the source of half or more of total income for about 64 percent of those households. For retired Social Security beneficiaries with the lowest lifetime earnings (up to $9,132 in 2010), Social Security replaces 90 percent of their average annual indexed lifetime earnings if benefit receipt begins at full retirement age. For those at the highest level of earnings covered by Social Security ($106,800 in 2010), Social Security replaces about 26 percent. At the median income level, Social Security replaces an estimated 47 percent of average annual indexed lifetime earnings. (Source: GAO)
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