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Survey results: Americans don’t understand Social Security
Despite the fact that Social Security is probably the most important benefit program in America, far too many seniors don’t understand even the most basic elements of the program. This shocking news comes from a recent survey of over 1000 seniors done by MassMutual Life Insurance Company. Social Security is the main force for keeping over 22 million American seniors out of poverty, and over 62 million people rely on the program for monthly income. That’s why it’s so disturbing that nearly half of all respondents failed to pass a relatively simple 5 question quiz on the most basic Social Security elements. In this Motley Fool article, columnist Sean Williams dissects the survey results, reveals the quiz questions and provides insight into the correct answers. Click here to read more.
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…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.