Survey: Alarming Percent of Americans Don’t Understand Social Security - FingerLakes1.com
This, of course, isn’t really new news, because Social Security is an exceedingly complex program with over 2,700 rules explained in over 100,000 website pages at the Social Security Administration. But while knowing all, or even most of those rules is not for the faint of heart, understanding at least the basics and how they apply to you is crucial to making the right claiming decision. Thus, the results of a recent survey are disturbing, revealing that a large percentage of Americans are woefully uninformed about how their benefits will be computed, what age benefits are available, and even that benefits may be available to their spouse and children. This article appearing at FingerLakes1.com news explains.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public service to help Americans navigate the complexities of this program. Learn more about it here…