10 Things Millennials and Generation Z Need to Know About Social Security
Ask some seniors receiving Social Security benefits today, and a majority are likely to tell you that meeting their monthly financial obligations would be difficult, if not impossible, without Social Security income. Each month, approximately 61.5 million people receive a Social Security check, 42 million of which are retired workers. For more than three out of five of these retired workers, Social Security income accounts for at least half of what they'll bring home each month. The program is simply that important for today's seniors.
But what might Social Security look like once millennials (ranging in age from 18 to 35) and Generation Z (under age 18) hit retirement age? Let's look at 10 things the younger generation needs to know about this all-important program.
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Source: Fool.com
