Millennials shouldn’t rely on Social Security for 100% of their retirement. In fact, a new study says, they shouldn’t even rely on it for 100% of their Social Security checks.
According to the HealthView Services, a healthcare research group, Americans born between 1981 and 1996 should expect about a 20% cut to their projected benefits from Social Security. That’s based on a recent report by the program’s board of trustees, which predicts that unless changes are made, Social Security will only be able to pay out 80% of its scheduled benefits by 2035, or 74% by 2096.
