Most Americans Worry That Social Security Is Going Broke. Are They Right?
Countless Americans depend on Social Security to stay afloat financially in retirement -- so much so that they neglect their own savings in the process. But new data shows that U.S. workers fear the program isn't all that reliable in the long run. In fact, 78% of adults over 50 are deeply concerned about Social Security's long-term viability.
The same holds true for 63% of workers who retired over the past 10 years. That's the latest from a recent poll by the Nationwide Retirement Institute, which also found that almost two-thirds of current and future beneficiaries are worried about cuts to Social Security under the Trump administration.
Of course, it's no secret that Social Security is on somewhat shaky ground headed into the future. But just how dire is the situation?
Source: Fool.com
