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Social Security Is More Important Than a Lot of People Realize
(By – Kevin Drum, via www.motherjones.com)
The 2015 Retirement Confidence Survey from the Employee Benefit Research Institute is out, and it shows the usual: hardly anyone thinks that Social Security benefits will remain stable in the future. They expect cuts, cuts, and more cuts. This may be part of the explanation for the two charts on the right. If you ask current workers, only a third think that Social Security will be a major source of retirement income. But if you ask current retirees for a reality check, two-thirds report that Social Security is a major source of their retirement income. Read more…