87% of Workers Are Banking on Social Security to Fund Their Retirement - but Should They Be?
May 3, 2021 2:18 AM newsfeedback@fool.com (Maurie Backman) Posted: Updated: May 3, 2021 1:54 PM Millions of seniors count on Social Security to pay the bills, and many future retirees are planning to do the same. In fact, 87% of workers today expect Social Security to be a top source of retirement income, according to a recent survey by the Employee Benefit Research Institute. But are workers putting too much faith in a program that may be rapidly losing steam? Social Security’s precarious future Social Security is facing a significant funding shortfall in the coming years, and th...
Source: kxly.com