Retaining Your Quality of Life Under Social Security Alone
America’s “savings crisis” has been discussed frequently in financial and governmental media outlets especially from the perspective of retirees without adequate–or any–savings to supplement those monthly benefit checks. Forbes contributor Teresa Ghilarducci adds perspective to this discussion with an article titled “Is It Possible To Live On Social Security Alone?” and she frames the equation with this comment: “Yes, you can live on Social Security, if staying alive is the goal. But those who do live largely or entirely on Social Security will face downward mobility in retirement—a reality that an expected 40% of older workers now face.” She softens this comment a bit with a brief recap of the expansion plans now being discussed as part of H.R. 860 (the Social Security 2100 Act) now in debate in Congress. Check out Ms. Ghilarducci’s post here…
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