Based on a recently released study by Transamerica Center for Retirement, more than 21 million of Americans rely on their social security for their retirement. With all of the recent conversations in Washington about the health of the Social Security Administration, it is imperative that workers fully understand their benefits and what impact any changes the government makes would have on their retirement. Placing their trust in the hands of the government to fully or partly cover for their retirement could bring an unpleasant surprise in their elder years.
Other facts released as part of the survey:
* 55% were female
* 52% were in the age group of the baby boomers
* 65% have household income of less than $75,000
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