Social Security Among the Younger Generations
Millennials are very aware of the solvency issue threatening Social Security. Some don’t believe that they will ever even collect benefits in their life time, as much as 60% of Millennials believe that the money will run out before they are ready to retire. However, they are not taking steps to secure their retirement through other available options such as saving and investing. Many simply cannot afford to set money aside for retirement right now. This is a problem that will compound on itself should Social Security succumb to its solvency problem before Millennials reach retirement age. For more information on this subject, visit this article by Maurie Backman with The Motley Fool.