Why Social Security Matters for Millennials and Gen Z

Creating Wealth

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2M ago 30:08

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In this episode, we're diving into a topic that often seems distant for younger generations: Social Security. Many millennials and Gen Zers might think Social Security won't impact them for decades, but it's crucial to start understanding it now. We begin with a brief history of Social Security and explain how it works in the U.S. We'll explore why Social Security is still important for younger people's retirement planning and address the burning question: Is Social Security really running out?

We'll discuss what factors are leading to concerns about the program's future and what potential reforms are being considered to keep it sustainable. Finally, we break down the key factors that determine how much you'll receive in Social Security benefits and offer insights on what younger generations should keep in mind as they plan their financial future.

This episode is packed with important information to help you plan for long-term financial stability. Leave a review or send us your questions at askcreatingwealth@taberasset.com!

Resources:

Retirees Face a $17,400 Cut If Social Security Isn't Saved

Social Security's Financial Outlook

120 episodes