Social Security: This Hidden Threat Could Cost the Average Retiree $4,440 Per Year

Social Security keeps around 16 million seniors out of poverty each year, according to 2023 data from the nonpartisan Center on Budget and Policy Priorities, making it a crucial lifeline for many Americans.However, the program isn't as strong as it once was. Uncertainty surrounding potential benefit cuts could throw a wrench in some people's plans, and there's another hidden threat that could cost the average retiree more than $4,000 per year: the drastic loss of buying power.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool