84% of Older Americans Are Worried About Social Security Cuts. Should They Be?
Millions of older Americans today collect a monthly benefit from Social Security. And in the absence of that income, many would no doubt struggle financially.
But Social Security is facing some financial challenges in the coming years. And if lawmakers don't find a way to resolve them, benefit cuts could be on the table.
Such is the fear of 84% of Americans aged 60 to 65 recently surveyed by Nationwide. While inflation is the No. 1 concern among people that age, Social Security ranks closely behind.
Source Fool.com
