A Look at Some Bleak Perspectives Facing Retirees

Whether it’s the loss of a defined benefit pension plan, the absence of accumulated savings, the lingering student debt issue, or the constant rise in medical cost, America’s elderly population is facing a number of issues that will likely have an unfavorable impact on their life in retirement. An article posted by NationofChange author Matt Higgins recaps several key realities facing those now in retirement, as well as those looking at the road ahead of them as they age in to their retirement years. It’s not a pleasant set of perspectives, but it is reality and it’s an article worth reading. Check it out here… 

Beyond the realities outlined in Higgins’ article, there is the looming potential for a substantial cut in Social Security benefits…an income source relied on by roughly one-third of Americans currently over 65 for 90 percent or more of their monthly income. This income source, about $1,400 a month on average today, is facing the potential of a 21%-to-23% cut when the program’s cash reserves run out, a milestone currently projected to occur in about 15 years. That’s why congressional action is needed–and needed soon–to ward off this severe event, and that’s why the Association of Mature American Citizens (AMAC) has positioned itself at the forefront of the fight to develop a solution to Social Security’s long-term funding problem.  Learn more about AMAC’s Social Security Guarantee here…

Notice: The first link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.

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