Social Security Benefits Could Be Cut by 2031. Here's What That Means for Retirees
For millions of retirees, Social Security benefits make the difference between enjoying a comfortable lifestyle and struggling to make ends meet. In fact, nearly one-quarter of married couples and close to half of unmarried beneficiaries depend on their monthly checks for at least 90% of their retirement income, according to the Social Security Administration.
However, Social Security may not be as reliable as it once was, and there's a chance benefits could be reduced or even eliminated entirely in the relatively near future. That could spell disaster for current and future retirees, but there are ways to create a more financially secure retirement regardless of what happens to Social Security.
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Source Fool.com
