"Surviving Retirement: The Reality of Relying Solely on Social Security"
TL;DR
A significant number of American seniors rely almost exclusively on Social Security for their retirement income, with an AARP analysis showing that about one in seven recipients over 65 depend on it for nearly all their income. This often results in a drastic lifestyle change from their working years, including cutting back on expenses, downsizing their living arrangements, or depending on family support to make ends meet.
- Here's What It's Like to Retire on Almost Nothing but Social Security The Wall Street Journal
- The Income Gap Jeopardizing Retirement for Millions The New York Times
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Read on The Wall Street Journal