Retirees Could See Their Social Security Slashed by $4,000 Per Year by 2035. Here's Why.

Millions of Americans rely on Social Security, but many are also concerned about its dependability going forward.60% of current retirees say their benefits are a major source of income, according to a 2024 poll from Gallup. 43% of Americans worry "a great deal" about the future of Social Security, the poll found, and 47% of workers don't believe the program will be able to pay them a benefit once they retire.The good news is that Social Security isn't going away entirely. However, the average retiree could have their benefit slashed by nearly $4,000 per year within the decade if lawmakers can't find a solution to its cash shortfall.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool