24% of Workers Expect Social Security to Be Their Primary Retirement Income Source. Here's Why That's a Bad Idea

24% of Workers Expect Social Security to Be Their Primary Retirement Income Source. Here's Why That's a Bad Idea

Millions of seniors today receive ongoing benefits from Social Security. In a recent Transamerica survey, 24% of workers said they expect Social Security to be their primary retirement income source. There are a couple of reasons why turning to Social Security as your primary means of funding your retirement is a poor choice.