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Social Security's Day of Reckoning May Be Here Sooner Than You'd Think
Years ago, it was common for people to work for the same company for decades, retire eventually, and collect a pension that gave them guaranteed income for the rest of their lives. Those days are long gone, though, at least within the private sector.Now, pensions are a rarity, and most people who want retirement income outside of Social Security have to save it up themselves. That's easier said than done, given how much money it costs to function comfortably in society.Image source: Getty Images.Continue reading
Years ago, it was common for people to work for the same company for decades, retire eventually, and collect a pension that gave them guaranteed income for the rest of their lives. Those days are long gone, though, at least within the private sector.
Now, pensions are a rarity, and most people who want retirement income outside of Social Security have to save it up themselves. That's easier said than done, given how much money it costs to function comfortably in society.
Image source: Getty Images.
