Older Americans Are Anticipating Social Security Cuts. Here Are Some Steps Being Taken to Compensate.
Social Security is facing some financial issues that need to be resolved fairly quickly to avoid benefit cuts. While those cuts aren't right around the corner, there's a chance they'll happen in about 10 years if lawmakers don't find a way to shore up the program's finances.
To be clear, Social Security cuts are not set in stone. But in a recent Nationwide survey of older Americans, only 41% of respondents expect the program to exist in its current form for the entire length of their retirement. As such, older Americans are taking steps to compensate for potential benefit cuts. Here's how.
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Source Fool.com
