How Long Can Social Security Survive?
Each and every month, the Social Security Administration sends out benefits to more than 61 million people, of which 68% are retired workers. These retired workers are especially reliant on the income they receive from Social Security to make ends meet. More than three out of five retired workers receive at least half of their monthly income from Social Security, with about a third generating 90% to all of their monthly income from it.
This reliance is what makes what I'm about to tell you all the more worrisome: Social Security appears to be on a collision course with disaster, which has some folks questioning whether it'll survive for another generation.
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Source: Fool.com
