Creating a steady and dependable stream of passive income is crucial for individuals who lack substantial savings for retirement. Many Americans feel unprepared for retirement, with only 45% feeling financially secure. Among demographic groups, Baby Boomers show higher preparedness than Gen Z adults. Social Security remains a major income source, yet a significant percentage rely on personal savings and investments. Additionally, passive income sources, such as ETFs, can provide financial stability in retirement. Options like the JPMorgan Equity Premium Income ETF highlight ways to generate income through strategic investments.
Nearly half of Americans (45%) feel financially prepared for retirement or felt so prior to retiring. While 55% of Baby Boomers feel prepared, about one in three Gen Z adults (32%) feels prepared for retirement.
While Social Security remains a major source of income for retirement, with 72% of Americans expecting to or already relying on it, more than half of Americans (55%) plan to or currently rely on personal savings and investments.
27% of Americans depend or plan to depend on passive income sources such as dividends and annuities. It doesn't hurt to put your money to work.
One way to do that is with high-yield exchange-traded funds (ETFs), such as the JPMorgan Equity Premium Income ETF, which generates income by combining top blue-chip stocks with options strategies.
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