Posted on November 29, 2017 • Category: Young Talent
A new Gallup study looks at changes taking place regarding the importance of Social Security to different age groups. Despite predictions that the Social Security trust fund will run out by the mid-2030s, increasing numbers of younger and older working adults continue to see Social Security as important to their future.
A complicating factor is that 32% of U.S. investors say they provide financial assistance to an adult family member – a grown child, parent or both. Sixty-one percent of those who provide help say it hinders their own retirement savings.
The percentage of Americans age 18-29 today who expect to rely on Social Security, nearly twice the number in this age group who said so in 2007.
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Arizonans who receive Social Security benefits.
U.S. investors who provide financial assistance to an adult family member.