The Most Important Date All Year for Social Security Beneficiaries Is Roughly 2 Weeks Away
As of July, more than 61 million people were receiving Social Security benefits on a monthly basis, and 42 million of those recipients (68%) were retired workers. According to recently released data from the Social Security Administration, a whopping 62% of these retirees, including half of all married couples and 71% of unmarried elderly individuals, relies on their monthly stipend to account for at least half of their income.
Therefore, as goes Social Security, so goes the financial foundation of tens of millions of Americans each year.
Image source: Getty Images.
Source: Fool.com