A new survey reveals that over 4 in 10 workers aged 55 and older expect Social Security to be their primary source of retirement income, despite the average annual benefit being approximately $25,000 (around $2,083 per month as of May 2026), which is often not enough for a comfortable retirement. Over 70% of surveyed workers report being off track with their retirement savings goals, with 46% deprioritizing or unable to save, largely due to inflation and rising living costs. Additionally, a 65-year-old retiring this year may need an average of $185,500 to cover out-of-pocket healthcare expenses throughout retirement.