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5 Signs You Count on Social Security Too Much for Retirement
(By – Eric McWhinnie)
America is growing older by the day. The number of people age 65 and older will almost double over the next 35 years as the median age rises to about 41. In fact, one in five people in the United States is expected to be at least 65 years old by 2050. This demographic tidal wave has major implications for our economy, particularly in regard to Social Security benefits and retirement planning….A new analysis from the Pew Research Center finds that among Americans who have not retired, only 20% expect Social Security to have enough money when they retire to provide them with benefits at current levels. Thirty percent say they will receive benefits at reduced levels, and 41% say they will receive no benefits at all. Despite these findings, many Americans are counting on Social Security to make retirement possible. Let’s take a look at 5 signs indicating you might be counting on Social Security too much for retirement. Read more…