Most Americans Think They Won't Need Social Security. They're Wrong.
Social Security benefits are an important component of your retirement income, but not everyone realizes just how vital they really are.
Only 39% of Americans say they expect to rely on their monthly benefits to make ends meet in retirement, according to a survey from Provision Living. At first glance, that might sound like good news. After all, if the majority of workers don't think they'll need Social Security to get by, that must mean their savings are in good shape.
However, most workers aren't as prepared as they might think, and that can be dangerous in retirement.
Source Fool.com