Will Social Security Be Insolvent When You Retire?

The data doesn't lie. Whether you have already retired and are collecting a Social Security benefit, nearing retirement, or getting your feet wet in the workforce, you're probably going to lean on Social Security income to some degree during your golden years.

In April, national pollster Gallup found that 89% of retirees rely on Social Security as a "major" or "minor" source of income. Meanwhile, 84% of surveyed nonretirees expect to lean on their Social Security income to make ends meet when they do retire.Based on these figures, it's not far-fetched to imply that the financial well-being of seniors will depend on the health of America's most successful social program.

There's just one problem: Social Security isn't all that healthy.

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Source Fool.com