Are You Overestimating Your Future Social Security Benefits?
When it comes to Social Security, expectations rarely line up with reality. Younger workers often assume they won't get any money from the program because it will have disappeared by the time they're of claiming age. While this is a stressful thought, it's not particularly dangerous.
Older adults, on the other hand, tend to be a little too optimistic when it comes to Social Security. The average working adult 50 and older expects they'll get about $1,572 per month from Social Security, according to a recent Nationwide survey, but the reality for retirees 50 and older currently claiming Social Security is only $1,380 per month on average. A $192 difference may not seem like that big of a deal, but it can create a real problem over the course of a retirement. Here's why.
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Source Fool.com
