Social Security Benefits Are Expected to Increase by This Much in 2018
Social Security plays a critical role in providing a financial safety net for retired workers. An analysis by the Center on Budget and Policy Priorities found that without Social Security, poverty rates among the elderly would increase from 8.8% to 40.5%. Plus, roughly three out of five retired workers count on their Social Security check to provide at least half their income.
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But there are a number of issues with this critical social program, and they extend beyond just what you hear in the news.
Source: Fool.com