In this article, we will discuss the 15 best places in New Mexico for a couple to live on only social security. You may skip our detailed discussion on Delaying Retirement and see the According to the , 79% of Americans believe that the nation faces a retirement crisis. While retirement is a concern for all generations, research from Prudential Financial, Inc.
(NYSE: ) suggests that Americans set to retire in 10 years may be critically underprepared for retirement. According to a Prudential Financial, Inc. (NYSE: PRU) survey, the median savings for a 55-year-old American are about $47,950.
In addition, Prudential Financial, Inc. (NYSE: PRU) warns that they might be the first generation to confront retirement without full societal security benefits. Concerns regarding social security checks stem from the fact that Social Security funds are projected to be depleted by 2035.
In such a case, beneficiaries will be able to receive only 83% of their benefits. This would prove to be a major setback for retirees relying on Social Security income, and especially for those without a significant nest egg to fall back on. Consequently, many Americans approaching retirement are beginning to consider the possibility of delaying their retirement, according to F&G Annuities & Life, Inc.
(NYSE: ). Although Social Security beneficiaries are eligible to claim benefits once they turn 62, it is quite common for beneficiaries to delay the date on which they begin claiming benefits. Delaying retirem.