Social Security is one of the biggest financial issues I talk about. Choosing the right strategy for taking Social Security income can make thousands of dollars difference in the total amount you can receive. This month I want you to watch the video Social Security: Demographic Realities Create Big Challenges.
The Video is about the challenges Social Security faces due to demographics.
“Social Security is the centerpiece of America’s retirement safety net. Nine out of 10 retirees and eight out of 10 current workers are counting on the program as an important source of retirement income.
But Social Security faces major demographic challenges. Because of Americans’ longer life spans and lower birth rates, there aren’t enough workers to support the growing number of beneficiaries. What does this mean for the health of the program?”
Staying Up to date with the changes and challenges Social Security faces is a strong Financial Strategy For Life!