Social Security Is Rapidly But Needlessly Losing the Confidence of Older Americans

The average retiree collects just over $1,500 per month in benefits, according to the Social Security Administration (SSA), which can provide much-needed financial relief for many households. In July of this year, around 29% of Americans age 70 and older were worried about Social Security drying up, according to a survey conducted by SimplyWise. The truth is that Social Security is experiencing cash problems right now.