Social Security is a central pillar for current retirees and baby boomers. Younger generations are predicting a different outcome.
. By 2035, the program will only be able to pay about 80% of promised benefits.
More than 70% of working people, across generations, said they were afraid Social Security will not be available in their retirement, Wells Fargo found. More than 90% of respondents said they would feel "betrayed" if Social Security wasn't available when they retire. Meanwhile, 8 in 10 people said retirement policy should be a top priority for presidential candidates.to shore up the nation's insurance program. The Social Security 2100 Act aims to extend the solvency of the program into the next century and increase retirees' checks.
Even so, younger generations expect the money they've saved in their 401 plans and individual retirement accounts to be their main source of income throughout their post-working years, Wells Fargo found.While experts say people could need a $1 million nest egg, less than a third of baby boomers —Nearly half of millennials didn't even have $25,000.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
You Don’t Need a Membership Card to Make Palizzi Social Club’s Dishes at HomeYou don’t need a highly coveted membership card to South Philly’s exclusive Palizzi Social Club to make the restaurant's dishes at home (Via EaterPhilly)
Weiterlesen »
Theme parks whip up extreme Halloween foods and drinks to get social media buzzTheme parks are whipping up extreme Halloween foods and drinks to get social media buzz. Pictured: sangria in an IV blood bag and 'Smoked Bat Wings.'
Weiterlesen »
Amid protests, Hong Kong's leader addresses one key social concern — unaffordable housingHong Kong has been repeatedly ranked as the most expensive place to own a home.
Weiterlesen »
My ADD Sabotages My Social Skills Online'I am not inarticulate. I have a decent sense of humor; I don’t mistake other people’s jokes for slights. However, I lack basic social skills. I am not good at taking turns in conversations or I overshare. My sense of humor is a little odd.'
Weiterlesen »
3 Florida teens arrested at gunpoint inside supermarket after posing with guns on social mediaThe teens were arrested after a Snapchat video showed two of the boys pointing guns at the camera, and other clips of the teens flashing fanned-out cash.
Weiterlesen »