Social Security: 94% of Adults Can't Name These 4 Factors That Impact Benefits
Social Security benefits are an integral source of income for many older Americans, and you have more control over your benefit amount than you might think.
There are several factors that affect the amount you receive each month, and the decisions you make could have a significant impact on your income. However, only 6% of adults can name all four factors that determine your benefit amount, according to a 2021 survey from the Nationwide Retirement Institute.
If you're in the dark about how, exactly, your benefits are calculated, you're not alone. But knowing these four factors can help you maximize your Social Security.
Source Fool.com
