The vast majority of U.S. citizens are concerned about their future social security receipts, with such anxieties popping up amid the projected depletion of social security funds over the next decade.
“More than half (53 percent) of Americans who haven’t retired yet say they expect to rely on Social Security benefits to pay their necessary expenses once they retire,” said a Nov. 21 survey from Bankrate.
“But at the same time, 72 percent of all Americans are concerned that promised Social Security benefits won’t be paid to them upon retirement age.”
Generation-wise, baby boomers and Gen X are most anxious, with more than 80 percent worried about the issue. Among millennials and Gen Z, this number was at 60 percent to 70 percent….