On Social Security? Here's How Coronavirus Could Damage Your Finances Over the Long Term
Coronavirus has led to unprecedented job losses and has left many workers with reduced hours and less income. But it's not just those who are still in the workforce who could see their finances damaged by COVID-19. Those who are receiving Social Security could also see long-term damage to their financial situation.
For half of married couples and 70% of unmarried persons, Social Security benefits provide at least half of household income. And these benefits account for 90% or more of available funds for 21% of married couples and 45% of unmarried persons. Unfortunately, this essential source of income could be adversely affected by coronavirus in two key ways.
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Source Fool.com
