The Most Important Social Security Table You'll Ever See
There's little question that Social Security is our nation's most important social program. According to an April-released survey from national pollster Gallup, 89% of current retirees rely on their monthly payout to some degree to help make ends meet. Meanwhile, an all-time record 88% of nonretirees told Gallup that they expect to lean on Social Security as either a major or minor source of income during retirement.
Furthermore, an analysis from the Center on Budget and Policy Priorities in 2016 found that elderly poverty levels are less than 9% with Social Security, but would be north of 40% if the program didn't exist.
Suffice it to say, Social Security benefits often play a key role in the financial well-being of our nation's retired workforce. This means there's arguably no decision more important for seniors than deciding when to begin taking their payout.
Source Fool.com
