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Where Are Social Security Problems Most Impactful?
Reports from the Transamerica Center for Retirement Studies note that “Over half of retirees surveyed (53%) expect Social Security to be their primary source of income throughout retirement.” Drawing a correlation between household income and the importance of Social Security benefits, the report illustrates Social Security as “… a lifeline for retirees with limited means.”
Amanda Umpierrez, Managing Editor of 401(k) Specialist magazine, analyzes the viewpoints of survey participants, including their thoughts on how to address the oft-reported insolvency problem Social Security faces. Read her post on their website in full here…
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