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· 55% of the workforce has no private pension coverage.

· 33% of the workforce has no savings set aside specifically for retirement.

· In 1940, the life expectancy of a 65-year-old was 12½ years, today it's 17½ years.

· By 2030, there will be twice as many older Americans as today – from 35 million today to 70 million in 2030.

· There are currently 3.4 workers for each Social Security beneficiary. By 2030, there will be 2.1 workers for each beneficiary.

· In 2003, nearly 47 million Americans will receive approximately $470 billion in Social Security benefits.

· About two-thirds of aged Social Security beneficiaries receive 50% or more of their income from Social Security.

· Social Security is the only source of income for approximately 20% of the elderly.