In spite of increased warnings and media coverage about the real danger that Social Security could go into default in the coming years, many Americans, 23%, believe Social Security will be their primary source of income in retirement, according to a survey of 1,000 people by the Retirement Corporation of America, a registered investment advisory firm.

Nearly six in 10, 59%, believe they will reach their savings goal, but only 31% believe that their own savings will be the primary source of that income. Sixty-one percent believe they will need $500,000 or more when they retire.

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