2 Big Reasons Social Security Is Failing Seniors

2 Big Reasons Social Security Is Failing Seniors
·3 min read

In fact, around 23% of workers expect their monthly checks to be their primary source of income in retirement, according to a 2022 report from the Transamerica Center for Retirement Studies. However, with baby boomers retiring in droves and the average retiree living longer, the Social Security Administration (SSA) has been paying out more money in benefits than it's receiving from taxes.