Younger Americans Are Largely Writing Off Social Security. That's Actually a Good Thing.
Millions of seniors today collect a monthly benefit from Social Security. And for some of them, that monthly benefit represents their primary source of retirement income.
In fact, some people actually don't have any retirement income outside Social Security. And it's people in that boat who are most likely to struggle financially, especially during periods of rampant inflation (like the one we're technically still dealing with).
But new data from Northwestern Mutual reveals that members of Gen Z aren't planning to rely heavily on Social Security in retirement at all. And that's actually a good thing.
Source Fool.com
