Who's Ready for a $6,638 Social Security Benefit Cut?
For most Americans, Social Security benefits are an absolute necessity.
For more than two decades, national pollster Gallup has been surveying retirees and non-retirees to gauge their reliance or expected reliance on Social Security benefits. Between 80% and 90% of then-current retirees have noted that Social Security represents a major or minor source of income, while 76% to 88% of future retirees anticipate it being a major or minor income source. Without the guaranteed payout Social Security provides eligible retired workers each month, many would struggle to make ends meet.
That's what makes the gravity of what I'm about to say so chilling: America's top retirement program is on shaky financial ground.
Source Fool.com
