What is the primary source of income for retirees and people with disabilities?

The primary source of income for retirees and individuals with disabilities is Social Security. This government program provides financial assistance to those who have retired or are unable to work due to disability. For retirees, Social Security benefits are based on their earnings over their working life, while for individuals with disabilities, the program assists those who meet certain eligibility criteria.

Social Security aims to ensure a basic level of income to help cover essential living expenses, making it a vital financial support system for these populations. The program plays a significant role in reducing poverty among the elderly and disabled, providing them with a stable income source during times when they may not be able to earn a living through employment. This consistent reliance on Social Security highlights its importance relative to other income sources such as state income taxes, unearned income, or dividends.