Only 7% of Americans pass a basic retirement knowledge test covering Social Security, Medicare, workplace savings, annuities, long-term care, and life expectancy, with the average score at just 37%.

Social Security is the prime source of retirement income for many individuals, but Americans’ knowledge of the basics of the benefits gets a failing grade, according to a consumer poll by MassMtual.

Nearly 8 out of 10 (78%) of near retirees failed or barely passed the latest Social Security retirement benefits quiz from MassMutual, showing a lack of knowledge of Social Security basics. In fact, ...

SPRINGFIELD, Mass.--(BUSINESS WIRE)--For the third time since 2015, Massachusetts Mutual Life Insurance Company (MassMutual) commissioned a consumer poll to quiz near-retirees on their basic knowledge ...