7 Weird Social Security Facts You Never Knew About
Though debatable, Social Security is widely believed to be America's most important social program. More than 42 million retired workers receive a stipend from the program each and every month, and this figure is only expected to climb considering that more baby boomers than ever are reaching the eligible retirement age, and retirees are living much longer than they did decades ago. In fact, 62% of all retired workers receiving a monthly benefit count on that check for at least half of their income.
But if there's one consistency about Social Security throughout the years, it's that most consumers don't understand the basics. A February 2015 survey conducted by MassMutual Financial Group on Social Security found that just 28% of the 1,513 people who took its 10-question, true-false online quiz were able to muster a passing grade of seven out of 10 correct (or better). Just one individual managed a perfect score on what was deemed a quiz on basic Social Security concepts.
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Source: Fool.com
