Senior Advocacy Group Warns: This Big Problem With Social Security Will Keep Getting Worse

Many retirees rely on Social Security to provide a big portion of their incomes in their senior years. Although benefits are meant to replace only 40% of pre-retirement income, many people haven't saved enough to make that a reality, so Social Security will end up playing a larger-than-anticipated role in supporting them.Since so many people are dependent on Social Security, it's critical that the benefits program works the way it should -- especially when it comes to preserving the buying power of benefits. Unfortunately, a senior advocacy group said that's not happening, and retirees are already suffering as a result.Sadly, unless and until Congress makes changes, that suffering will continue, and the situation will only get worse.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool