Poll Shows Social Security Illusions

The Associated Press reports that the Treasury and the Federal Reserve have polled baby boomers about their retirement expectations. Only 16% of the baby boomers expect to go on Social Security retirement benefits at age 62 -- but 34% actually do. Only 16% of baby boomers expect that Social Security will be their main source of retirement income -- but Social Security is actually the main source of income for 31% of retirees.