For millions of Americans, Social Security is their livelihood.
Over 66 million people receive Social Security – that’s 20% of the U. S. population. A whopping one-third of these beneficiaries rely on Social Security for at least 90% of their income. What’s more, for 61% of all beneficiaries, Social Security is at least half of their income.
Odds are that, if it isn’t already, Social Security will be a major part of your income one day. That means it’s important to know where that money comes from, how it’s distributed, and how long you can expect to receive it.
So give yourself a test and try to answer these five questions – and if you don’t know some of the answers, we’ve got you covered…
This post was published at Wall Street Examiner by Cooper Creagan ‘ July 12, 2017.