The Average Retiree Could Be Left Out of the Next Stimulus Check
Many seniors have seen their retirement account balances fall this year thanks to COVID-19 and not everyone has fully recovered from major investment losses during March's big market crash. Social Security benefits that retirees depend on are also losing buying power, and since a resurgence in COVID-19 cases could mean there's no cost-of-living increase next year, that negative trend may accelerate.
This is a lot of bad news, and there's more to come: The average senior may be left out of a second stimulus check.
While this isn't what you want to hear, the good news is that there are steps you can take to build a more secure retirement even during these troubled economic times -- but you'll need to be prepared for the fact that Uncle Sam may not provide the help you're hoping for.
Source Fool.com
