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Stock impact report

A Social Security surprise awaits 49% of Millennials and 30% of Gen Xers [MSN Money]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: MSN Money
© Getty Images Two Social Security cards and two hundred dollar bills partially covering a Social Security payout card. The statistics don't lie: Seniors very much lean on Social Security to make ends meet during retirement. According to data from the Social Security Administration, just over 60% of current retirees rely on their guaranteed monthly payout to provide at least half of their income. Furthermore, 34% get virtually all of their income (90% or more) from Social Security. Meanwhile, a survey conducted by Gallup in April 2018 found that just 10% of retirees don't count on their Social Security income to play a role each month. Conversely, it means that nine out of 10 retirees do need the income provided by this critical program to keep their heads above water.  There's absolutely no disputing the importance of Social Security income, which is what makes its well-publicized problems that much scarier. Big changes are on the way for Social Security Acc Show less Read more
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