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A Shifting Attitude: Most Millennials Don’t Expect SS to be a Major Source of Their Retirement Income
In a stark contrast to reality for today’s Social Security recipients, only a small percentage of America’s younger generations think that Social Security will be a major source of their retirement income. In fact, in a recent Transamerica survey, only 17% of millennials and 26% of Gen-Xers felt that Social Security would be their primary income source in their golden years. And that’s good news, if it spurs those younger generations to save even more for their future. In this Motley Fool article by Maurie Backman, the author describes this phenomenon of a changing attitude toward the importance of Social Security to future retirees. Click here to read more.
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