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Financial Stability While Receiving Social Security
Over half of the beneficiaries of Social Security rely on the pay outs as their primary or sole source of income in retirement. This makes the system an important benefit for the majority of Americans; even those that do not live entirely off of Social Security have come to rely on it for the bit of wiggle room that it provides them financially. This is because Americans have been historically bad at saving for retirement, but they are getting better each year. The median income for seniors has been steadily improving over the last 50 years. For more information on this subject, visit this article by Sean Williams with The Motley Fool.
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