When you're in your 20s or 30s, you probably never think of Social Security at all, and that's quite reasonable. After all, the earliest age at which you can start collecting benefits is 62 -- quite a few years away. You might, though, be making some incorrect assumptions about Social Security, and that can end up having a harmful effect on your future financial Security.

In fact, per the Nationwide Retirement Institute's 2023 Social Security Survey, many young people need a Social Security reality check. Here are some key things for them to know.

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Source Fool.com