Here's What Social Security Could Look Like in 10 Years if We Don't Fix It
Social Security forms an essential part of most seniors' retirement plans, with over a third of adults 65 and older relying upon it for more than half their retirement income. Even for those with personal savings, life would be a lot less comfortable if those monthly checks suddenly stopped.
Fortunately, Social Security isn't expected to disappear in the foreseeable future, but it is facing a major funding crisis. Here's where we're headed right now if the government doesn't intervene.
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Source Fool.com