Here's How Much Congress' Inaction on Social Security Could Cost You

Here's How Much Congress' Inaction on Social Security Could Cost You

Social Security is arguably the most important social program in this country for seniors. That could change if medical care inflation keeps outpacing the national inflation rate in the future, but for now Social Security, and the guaranteed monthly income it provides to nearly 42 million retired workers, is critical to the financial well-being of many. In fact, Social Security accounts for at least half of the monthly income for more than 25 million of those retired workers.

This statistic is what makes its long-term forecast all the more worrisome.

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Source: Fool.com