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Soc. Security Notes
Social security payments ac count for the largest single shareabout 34 percent-of total income oi people 65 or older and their wives or husbands, according to Mrs Hazel F. Crumpton, social security district manager ir Winchester. Social Security Administration studies of the Nation’s 20 million older people indicate that their annual income is about $59 billion with social security benefits ac counting for $20 billion, she said
‘‘Studies show that social Security is an economic base for retired workers and their dependents,” Mrs. Crumpton said. “The monthly benefit checks are a partial replacement of preretirement earnings.” About 29 percent of the income of older people comes from earnings, according to the study. Income from assets accounts for 15 percent. Other sources are: public pensions other than social
93.8%