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IPFS News Link • Social Security

Opinion: Why your Social Security could feel like a lot less next year

• https://www.marketwatch.com By Paul Brandus

 They all went up last month, pushing grocery prices higher by—get this—the most in nearly 50 years. 50 years! 

That's pain. And unless you're loaded, choices have to be made. Especially if you're heavily dependent on a fixed income stream like Social Security—like millions of senior citizens are. 

What do I mean by heavily dependent? According to the Social Security Administration (SSA), Americans aged 65 and over:  

Get 33% of all income from Social Security

50% of married couples and 70% of unmarried persons rely on Social Security for 50% or more of their income from Social Security

21% of married couples and about 45% of unmarried persons rely on Social Security for 90% or more of their income


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