7 Reasons Only 3 Out of 100 Seniors Claims Social Security at Age 70
According to the May update from the Social Security Administration (SSA), the program is paying out a monthly benefits check to nearly 61.5 million people, 68% of which are retired workers. Without this monthly income, millions of seniors would likely be struggling to make ends meet during their golden years.
Given current retirees' heavy dependence on Social Security income, as well as the poor savings rates of workers who will retire in the years ahead, it only makes sense that today's workers focus on the three factors they can control to boost their lifetime payout.
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Source: Fool.com
