5 Expected Social Security Changes in 2018

There are few, if any, social programs in the U.S. that are more important than Social Security, at least according to recently released data from the Social Security Administration (SSA).

Recent SSA findings show that 62% of all elderly recipients get at least half of their monthly income from Social Security, and about a third overall get 90% or more of their monthly income from the program. This reliance is exactly why the Center on Budget and Policy Priorities estimated in a 2016 study that the senior poverty rate would be over 40% if Social Security income were not there for the elderly on a guaranteed basis each and every month. As of Dec. 2016, the senior poverty rate was just 8.8%.

Image source: Getty Images.

Source: Fool.com