Social Security Replaces Less of Your Income Now Than It Did Before. Here's Why.
Social Security benefits help support you in retirement by replacing some of the income you were earning before you left the workforce. But they do not replace as much of your earnings as you might think -- and the replacement rate has fallen over time.
Here's what you need to know about how much of your pre-retirement income Social Security will actually replace when the time comes for you to start claiming.
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Source Fool.com