Your Social Security Benefit Is Already Being Cut -- Here's How
For the nearly 165 million people in today's U.S. labor force, Social Security will almost certainly play a key role during their retirement.
Over the past 20 years, national pollster Gallup has surveyed retirees to determine how many are reliant on their Social Security income to make ends meet. With the exception of the very first year of the survey, between 84% and 90% of retirees have consistently responded that Social Security accounts for a "major" or "minor" part of their needed income. In other words, very few seniors would be OK financially without a little help from America's top retirement program.
The only problem is that Social Security benefits are being cut before your eyes, whether you realize it or not.
Source Fool.com
