Why We May Need Social Security

A low-income family would have to save $10,000 a year, with an impressive eight percent gain, in order to retire on the current Federal Poverty level at age 65. For some people, saving $4,000 a year is a difficult feat. Most Americans will need to have $2 million saved by their 65th birthday to live on a modest income at retirement age. Those numbers rebuke the idea that folks who depend on Social Security income for retirement were fiscally irresponsible.  Read more about the purpose and benefits of Social Security here...