Are You Ready to Kiss 21% of Your Social Security Benefit Goodbye in 9 Years?
The monthly benefits most retirees receive from Social Security are vital to their financial well-being. For the last 22 years, national pollster Gallup has surveyed retired workers to gauge how reliant they are on the Social Security income they receive. Over these two-plus decades, between 80% and 90% of respondents have consistently noted that it's a "major" or "minor" income source, and therefore needed to make ends meet.
Unfortunately, this foundational social program finds itself on ever-shakier financial ground, and current/future beneficiaries are the ones who could pay the price.
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Source Fool.com
