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Social Security Benefits and Poverty…A Perspective
By design, Social Security is structured to replace (on average) about 40% of one’s pre-retirement earning level. This, of course, leaves the remainder to be handled by savings and other income streams if the desire is to retain a standard of living. But how’s that working out? A post reporter Sam Sachs on WFLA.com’s News page suggests it’s not working out very well for a large segment of the senior population, with a massive percentage of Americans 65 and up living in vicinity of poverty. Read his eye-opening post here…
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