Millennials Are at Serious Risk of Shrinking Social Security Checks by 30%
Most millennials are a long way away from claiming Social Security. But that doesn't mean members of this generation shouldn't be thinking ahead to the day when their benefits begin -- especially since an accurate estimate of the retirement income they'll produce is essential for setting savings goals.
Unfortunately, recent research shows that if young people follow through on their current retirement plans, they're at serious risk of shrinking Social Security benefits by 30%. Here's why members of this generation could end up with less retirement money than they may anticipate.
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Source Fool.com