5/3/22-99% of Older Americans Lack Social Security Knowledge. Here Are 3 Important Things You Need to Know
- May 03 2022
- By: info@njcfe.org
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99% of Older Americans Lack Social Security Knowledge. Here Are 3 Important Things You Need to Know
May 2, 2022 | fool.com
Many seniors look to Social Security to provide the bulk of their retirement income. Some go so far as to get all of their income from Social Security.
But despite the important role the program plays in many people’s retirement, it seems like the public lacks Social Security knowledge in a very disturbing way. Recently, only 1% of respondents ages 55 to 65 were able to ace a quiz on Social Security basics administered by MassMutual. Meanwhile, 65% of respondents either failed or got a D grade, while 18% earned a C.
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