2 Big Reasons Social Security Is Failing Seniors

Social Security benefits are a lifeline for millions of retirees. In fact, around 23% of workers expect their monthly checks to be their primary source of income in retirement, according to a 2022 report from the Transamerica Center for Retirement Studies.

However, Social Security isn't as reliable as it used to be, and it's becoming more difficult for retirees to depend on their benefits. There are two key ways that the program is failing seniors, and if you're already retired or planning to retire soon, you may need a backup plan.

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Source Fool.com