Younger Workers Aren't Counting on Social Security -- and That's a Good Thing
The notion of struggling financially during retirement is hardly a foreign one, and it's no doubt a concern among workers today. But the best way to avoid financial stress later in life is to plan appropriately, and part of that involves understanding the role Social Security will play during your senior years.
New data from Wells Fargo indicates that younger workers don't seem to have a lot of faith in Social Security. Only 13% of millennials and 16% of Gen Zers expect it to be their primary means of paying retirement expenses, compared to 41% of baby boomers and 64% of current retirees. And while that sentiment among younger workers may seem negative, it's actually healthy and spot on.
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Source Fool.com
