“Older Americans are relying too much on Social Security as a main source of income”

Older Americans are relying too much on Social Security as a main source of income,” by Paul Davidson, USA Today

“Many older Americans view Social Security as a financial workhorse for their golden years. Yet the program provides far less income than they think, partly because they tap the entitlement before reaching retirement age, a new survey shows. … Despite their reliance on Social Security, two-thirds of future retirees worry the program will run out of funding in their lifetime, the survey shows. That’s another big reason they tap benefits early, Ambrozy says.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Maybe there is hope when 2/3 of retirees see the hand-writing on the wall despite eight decades of the government saying don’t worry, be happy, Uncle will take care of you in your old age.