Will Social Security Run Out of Funds? This Group of Future Retirees Thinks So
Though many working Americans look forward to retirement, it's hard to ignore the fact that it's a potentially worrying period of life to deal with. The loss of a full-time paycheck, coupled with rising costs, can make for a precarious financial situation, even among those who save diligently for retirement in advance.
But new data from Nationwide helps shed light on why so many future retirees are worried about their golden years. In a recent survey, 31% of workers aged 50 and older say that the idea of Social Security running out of funds is a huge source of retirement stress for them.
If you're concerned about Social Security's future, here's some good news: The program is not going bankrupt. Not even close. But even with that being the case, Social Security should only play a limited role in your retirement. And if you rely too heavily on it, you'll be sorry after the fact.
Source Fool.com
