Will Social Security Be There for Millennials?

March 10, 2016

Will Social Security Be There for Millennials?

By Eric Reed, TheStreet.com

Millennials are worried that Social Security won’t be there for them at retirement, and they have good reason. For them the promise of retirement is looking increasingly weak.

Retirement in 20th Century America was built on what financial advisors call the three legged stool: 401(k)s and other retirement accounts, pension funds and Social Security. Together these ensured that most retirees could live comfortably despite their years out of the work force. The trouble is, as longevity has increased, many of these systems have been put to the test.

It’s the subject of a forum hosted today by the Museum of American Finance and Bank of America, and an issue that should concern Millennials the most...


Watch video (External Link)