Social Security is an important source of retirement income for most Americans, but the program continues to come under assault because of the amount of money that goes into funding it. Last year, about one-fifth of the federal budget, or $1.2 trillion, was expected to pay for Social Security, according to the Center on Budget and Policy Priorities.
Social Security: Women Get $354 Per Month Less Than Men - Here's Why
See: With a Recession Looming, Make These 3 Retirement Moves To Stay On Track
Explore: All the States That Don't Tax Social Security
This kind of outlay has made Social Security a continuing target of fiscal hawks who aim to curb federal spending. Some U.S. lawmakers want to leverage the current debt ceiling crisis to get cuts to Social Security and Medicare funding.
Meanwhile, a recent analysis from the Congressional Budget Office projects that the balance in Social Security's Old-Age and Survivors Insurance Trust Fund - which helps fund retirement benefits - will be depleted by 2033. When that happens, the program will be funded solely by payroll taxes, resulting in drastically reduced monthly payments for Social Security beneficiaries.
Given these developments, it's no surprise that many Americans plan to depend on a lot more than Social Security to fund their retirement.
Workers most often cite self-funded savings (45%) as their expected primary source of income in retirement, according to a 2022 retirement survey from Transamerica. That figure includes 32% who expect to rely on 401(k)s, 403(b)s and IRAs, and 13% who expect to rely on other savings and investments.
A lot depends on the type of work Americans do - and if they are even working at all. Only about one in four Transamerica survey respondents (23%) expect to rely primarily on Social Security in retirement. However, that figure rises to 33% for unemployed respondents vs. 22% for those who work for an employer and 23% who are self-employed.
Most Americans plan to use a combination of private savings, Social Security and other sources to fund their retirement.
Take Our Poll: What Are Your Financial Priorities in 2023?
Learn: Ways You Can Lose Your Social Security Benefits
An earlier Transamerica survey of 3,109 working U.S. adults, reported by Mediafeed.org, found that these are the most popular ways Americans plan to fund retirement. Most respondents chose a combination of methods, which is why the responses don't add up to 100%:
401(k), 403(b) and IRA accounts (71% of respondents)
Social Security (66%)
Other savings and investments (48%)
Work income (37%)
Company-funded pension plan (26%)
Home equity (18%)
Inheritance (14%)
10 Do's and Don'ts of Costco Shopping
Explore GOBankingRates' 2023 Banking Resource Center
The 10 Best Balance Transfer Credit Cards for 2023
Experts: 4 Safest Places To Keep Your Savings
This article originally appeared on GOBankingRates.com: With Social Security in Jeopardy, How Do Americans Plan To Fund Retirement?
Josephcer
(2023-02-19 20:38:34Z)
REPLYRegards, Excellent information.
essaywritingserviceahrefs.com trusted essay writing service
Vemqbj
(2023-02-23 14:24:43Z)order lanoxin generic cheap digoxin 250mg molnunat us
REPLYTzadxl
(2023-02-25 04:54:37Z)purchase diamox generic buy isosorbide 40mg generic azathioprine 50mg ca
REPLYXetcpp
(2023-02-26 20:41:39Z)buy lanoxin sale micardis 80mg ca molnupiravir online buy
REPLYRobertpet
(2023-02-27 02:35:31Z)You actually said it wonderfully.
REPLYphd proposal writing dissertation proposal timeline write my dissertation proposal
Yuhamo
(2023-03-01 00:50:40Z)coreg 25mg cost order coreg 25mg pills buy elavil 50mg online
REPLYBdjcxe
(2023-03-01 07:49:39Z)amoxicillin 500mg us order stromectol without prescription ivermectin 9 mg tablet
REPLYStevenWrene
(2023-03-01 12:44:15Z)You mentioned that effectively.
REPLYpaying someone to write your paper buy papers online for college where to buy papers
Fpzrlp
(2023-03-02 12:09:32Z)fosamax 35mg drug order alendronate 70mg sale ibuprofen uk
REPLYTimothyCed
(2023-03-02 17:14:57Z)
REPLYThis is nicely put. .
someone to write my paper for me do my college paper for me i need a research paper written for me
Audswi
(2023-03-02 19:09:47Z)dapoxetine 90mg pill buy avanafil 200mg online cost motilium
REPLYJosephdyext
(2023-03-03 17:14:21Z)
REPLYMany thanks! Quite a lot of material.
thesis writing service providers thesis statement meaning good and bad thesis statements
Xwpftu
(2023-03-04 01:23:56Z)pamelor brand paxil price paxil 20mg pills
REPLYHectordex
(2023-03-04 05:18:33Z)You actually mentioned this exceptionally well.
REPLYwhat i want to do with my life essay what website writes essays for you help me write a cover letter for free
Ehoklx
(2023-03-04 08:40:03Z)indocin 50mg capsule purchase cenforce pill oral cenforce 100mg
REPLYHectordex
(2023-03-04 16:32:36Z)
REPLYVery good stuff. With thanks.
fast essay writer write a story for me free write me essay for me
Cmljcd
(2023-03-05 12:17:33Z)buy famotidine 40mg generic mirtazapine usa order mirtazapine 30mg pill
REPLYManuelLitle
(2023-03-05 17:33:57Z)You expressed it well!
REPLYletter writing service berkeley high school essay writing service writing an argumentative essay federal resume ksa writing service
buy argumentative essay online online essays for sale pay to have a paper written buying essays
writers online https://custompaperwritersservices.com
Andrewnit
(2023-03-06 01:59:46Z)
REPLYYou made your point!
best coursework writing service b ed thesis writing service unite will writing service seo article writing service
Patrickhar
(2023-03-06 03:17:39Z)
REPLYWow loads of useful info.
termpaper academic proposal writing term papers for money dissertation research proposal
ManuelLitle
(2023-03-06 13:10:25Z)
REPLYThanks a lot, I like it!
pay to write a research paper order custom essay pay to get essay written pay to get essay written
help with college essay writing cv writing service melbourne linkedin profile writing service writing services for college papers
value of college education essay https://paperwritingservicecheap.com
Allomycle
(2023-03-06 14:31:42Z)FDA conducted a review of postmarketing adverse event data on hypoglycemic coma for all five fluoroquinolones approved at the time FDA completed its safety analysis cialis 5mg best price
REPLYBrandonBuh
(2023-03-06 17:07:18Z)
REPLYTruly all kinds of amazing data!
essay writing service uk help me to write an essay college essay help write my essay
dissertation introduction help help with masters dissertation help writing dissertation proposal best dissertation writing service uk review
websites to write essays https://custompaperwritingservices.com
Patrickhar
(2023-03-06 22:27:23Z)
REPLYWow plenty of beneficial data.
ets criterion writing evaluation service writing a personal essay writing service essay phd essay writing service
Andrewnit
(2023-03-07 05:43:01Z)
REPLYPerfectly spoken of course! !
writing a paper i don't want to write my paper write my papers for me research paper writers for hire
ManuelLitle
(2023-03-07 08:18:24Z)
REPLYRegards. I enjoy it.
linkedin profile writing service custom paper writing service writing a good essay writing help essay service
ai essay writer who can write a book for me writing argumentative essay write my essay for me in 3 hours
good college essay https://payforanessaysonline.com
Patrickhar
(2023-03-07 18:48:11Z)
REPLYSeriously a good deal of fantastic material.
apps that writes essays for you i can t write an essay to save my life should i sleep or write my essay cheap essay writers
BrandonBuh
(2023-03-07 20:36:02Z)
REPLYWhoa plenty of fantastic info!
top essay writing service music essay writing essay service reviews essay writing service plagiarism free
thesis statement steps germany train service between thesis and tirano service quality and customer satisfaction thesis pdf professional thesis writing services
how to write a successful college essay https://essayservicehelp.com
Xzcyqu
(2023-03-07 23:32:29Z)buy tadacip 10mg sale amoxicillin cost order amoxicillin 500mg generic
REPLYManuelLitle
(2023-03-08 04:30:23Z)
REPLYReally many of awesome data!
descriptive essay help essay help cheap need help writing a essay help with essay papers
need someone to do my essay anonymous essay writer what should i write my this i believe essay on write my match com profile for me
how to write application essays https://paperwritingservicecheap.com
Andrewnit
(2023-03-08 09:09:08Z)
REPLYThis is nicely expressed! .
cheap custom term paper research paper writing service reviews buying research papers strong proposal
Npfvyj
(2023-03-08 13:54:08Z)cheap tricor female viagra sildenafil order sildenafil 50mg generic
REPLYPatrickhar
(2023-03-08 14:46:34Z)You explained this perfectly!
REPLYcustom college paper buy a college paper online paper writing service college phd research paper writing service in chennai
BrandonBuh
(2023-03-08 23:30:41Z)
REPLYWow all kinds of helpful material.
term paper writing help research paper writers in india purpose of a proposal doctoral proposals
free essay writing service best college paper writing service college essay writing essay writing services legal
writing essay online https://hireawriterforanessay.com
ManuelLitle
(2023-03-09 00:47:18Z)
REPLYGreat facts. With thanks.
cory chase trying to do my homework porn pay someone to do my chemistry homework can i pay someone to do my homework do my aleks homework
cheap paper writing services paypal paper writing service custom college papers paper writing services review
dissertations https://domycollegehomeworkforme.com
Patrickhar
(2023-03-09 09:46:00Z)
REPLYIncredible lots of terrific material.
homework help should i do my homework now quiz do my homework for money do my programming homework reddit
Klsuka
(2023-03-09 11:13:33Z)buy esomeprazole without prescription buy generic clarithromycin lasix 40mg cost
REPLYAndrewnit
(2023-03-09 11:40:23Z)You actually said it terrifically!
REPLYessay write how to write an essay about my dream do my essay uk essay writer online cheap
ManuelLitle
(2023-03-09 19:11:20Z)You actually explained this effectively!
REPLYbuy your dissertation online online dissertation writing dissertation writing company qualitative dissertation proposal
essay writing paper anchorage resume writing service best assignment writing service credible essay writing services
how to write an apa essay https://essaywritingservicetop.com
BrandonBuh
(2023-03-10 01:58:57Z)
REPLYYou have made the point.
thesis statement for an informative essay thesis statement for expository essay thesis in a paper thesis for lord of the flies
cheap dissertation writing services dissertation question help dissertation research and writing need help with dissertation
essay help service https://essaywritingservicetop.com
Xblrol
(2023-03-10 03:29:33Z)buy tadalafil generic buy generic sildenafil sildenafil 100mg drug
REPLYAndrewnit
(2023-03-10 14:09:14Z)
REPLYCheers. Quite a lot of forum posts!
business plan for resume writing service professional resume writing service chattanooga tn best essay writing website which resume writing service is best
Patrickhar
(2023-03-10 22:29:46Z)
REPLYWith thanks, I like it.
essay writing service oxford graduate essay writing services essay writing app essay writing service ethics
BrandonBuh
(2023-03-11 04:16:35Z)
REPLYRegards, A lot of material.
custom research paper writing services term papers custom research papers writing service proposal online
cheapest essay writing service who is the best essay writing service argumentative essay writing best online essay writing services reviews
best custom essay sites https://essayservicehelp.com
Injxkr
(2023-03-11 08:03:11Z)minocin 100mg uk oral neurontin 800mg order hytrin pills
REPLYManuelLitle
(2023-03-11 19:45:20Z)
REPLYVery good data. Appreciate it!
writing a dissertaion where to find dissertations online custom dissertation writing service order dissertation uk
nursing school paper writing service best academic paper writing service buy psychology papers pay for someone to write your paper
dissertation writing guide https://essaywritingservicehelp.com
Ozxsnc
(2023-03-11 23:52:00Z)cialis overnight delivery levitra store sexual dysfunction
REPLYBrandonBuh
(2023-03-12 06:41:01Z)
REPLYVery good info, Many thanks!
service innovation thesis umuc karen c phd thesis on customer service community service thesis statement thesis statement for a persuasive essay
buy a research paper online revised proposal term paper order proposal essay
college essay proofreading service https://writeadissertation.com
ManuelLitle
(2023-03-12 13:23:38Z)
REPLYKudos. Numerous content.
paper writing service review buy a paper for college reddit have you used paper writing service paper writing service ivy professional
can i pay someone to write my paper for me write essays for me write my admission essay is there a website that writes essays for you
letter writing help online https://writingresearchtermpaperservice.com
Andrewnit
(2023-03-12 18:52:20Z)
REPLYReally all kinds of awesome tips.
thesis statement meaning importance of service quality thesis pdf thesis editing services best thesis writing service in uk
Hbhppw
(2023-03-13 04:50:41Z)glycomet 1000mg generic metformin us buy nolvadex online cheap
REPLYManuelLitle
(2023-03-13 07:20:28Z)
REPLYGood advice. With thanks!
help writing college essay helping essay essay writer essay on help
do my criminal justice homework cant do my homework anymore can i do my homework on an ipad google can you do my homework
best freelance writer websites https://essaywritinghelperonline.com
BrandonBuh
(2023-03-13 09:04:43Z)
REPLYThank you, Loads of data!
do my homework for me cheap someone to do my math homework can i do my homework on an ipad how do i get my child to do homework
writers for essay write a book for me essay paper writer history essay writer
custom essay https://payforanessaysonline.com
Hnhtfv
(2023-03-13 18:02:23Z)modafinil 200mg for sale buy provigil 100mg online cheap phenergan brand
REPLYDqphlh
(2023-03-15 01:29:39Z)generic clomid 50mg clomiphene price buy prednisolone sale
REPLYCaunwe
(2023-03-15 11:37:06Z)prednisone 40mg tablet buy prednisone 40mg without prescription amoxil 1000mg ca
REPLYPchepn
(2023-03-16 21:32:41Z)order isotretinoin 20mg pill buy ampicillin 500mg generic order ampicillin 250mg online
REPLYPbmopj
(2023-03-17 13:37:48Z)best pill for ed purchase proscar for sale propecia 5mg price
REPLYZdezvf
(2023-03-19 00:46:32Z)ivermectin 50 prednisone 20mg sale cheap deltasone 40mg
REPLYVtuyoq
(2023-03-19 14:03:11Z)zofran 4mg without prescription order ondansetron 8mg generic sulfamethoxazole usa
REPLYFvzqxi
(2023-03-21 10:51:42Z)order generic accutane order accutane 10mg online cheap azithromycin 250mg pill
REPLYZkvkkr
(2023-03-21 14:31:56Z)buy albuterol for sale albuterol without prescription oral augmentin 1000mg
REPLYManuelLitle
(2023-03-22 03:20:16Z)
REPLYYou've made your position pretty clearly..
buy custom essays online argumentative essay for sale order of writing an essay essay orders
paying someone to write a paper for youbuy cheap essay essay to buy why money can't buy happiness essay buy narrative essay online
buy online essays https://researchpaperwriterservices.com
Patrickhar
(2023-03-22 20:14:08Z)
REPLYThank you! Useful stuff!
myself as a writer essay school essay writer pro essay writers write my essay for free app
ManuelLitle
(2023-03-22 21:07:28Z)
REPLYWow plenty of terrific advice!
write my college paper for me write a thesis statement for me online how to write my essay write my essay for me no plagiarism
the college essay guy the help essay cheap essays help self help essay
dissertation for dummies https://essaytyperhelp.com
Patrickhar
(2023-03-23 11:25:17Z)
REPLYThank you. Quite a lot of information!
help with coursework do my homework 123 should i do my homework now or in the morning can i pay someone to do my stats homework
Oyqkyf
(2023-03-23 13:29:47Z)provigil 100mg us cheap lopressor 50mg where can i buy metoprolol
REPLYManuelLitle
(2023-03-23 15:47:58Z)
REPLYHelpful data. Appreciate it!
write my economics paper writer paper custom paper writers pay someone to write a paper
best essay writing service 2017 resume writing service orange county ca student room essay writing service best resume writing service in usa
essay writer cheap https://essaypromaster.com
Bbrgfq
(2023-03-23 21:54:01Z)cheap prednisolone 40mg order prednisolone 5mg order furosemide 40mg generic
REPLYWululh
(2023-03-25 12:51:35Z)avodart 0.5mg oral cephalexin 250mg canada orlistat 60mg sale
REPLYWvczty
(2023-03-26 08:28:35Z)order doxycycline 200mg sale vardenafil 20mg price acyclovir 400mg price
REPLYBrandonBuh
(2023-03-26 12:31:50Z)
REPLYNicely put. Thank you.
argumentative essay thesis debatable thesis writing thesis thesis statment
coursework writing service are there any good essay writing services best resume writing service for veterans essay writing service in london
literature review dissertation https://essaywritingservicelinked.com
Andrewnit
(2023-03-26 17:13:30Z)You actually reported it well.
REPLYdo my paper write my papers for me lined writing paper order a paper
Vhwplo
(2023-03-27 09:40:41Z)buy azathioprine pills purchase micardis online cheap naproxen 250mg cheap
REPLYBrandonBuh
(2023-03-27 11:38:19Z)
REPLYAwesome forum posts. Thanks a lot!
help with term paper business proposal writers near me write a proposal buy research paper no plagiarism
pay to write papers just buy essay buy custom essay papers buy essay online review
personal statement writing service london https://paperwritingservicecheap.com
Andrewnit
(2023-03-27 16:10:19Z)
REPLYReliable knowledge. Cheers.
best paper writing service forum professional cv writing service in egypt custom paper writing service top cheap essay writing service
Andrewnit
(2023-03-28 15:01:03Z)
REPLYGreat data. Appreciate it.
dissertation proposal service custom term paper writing pay for a term paper write my term paper for me
Vixtgi
(2023-03-28 18:33:18Z)oxybutynin 2.5mg drug order generic oxybutynin 5mg oxcarbazepine 600mg drug
REPLYJexuhm
(2023-03-29 05:54:59Z)cefdinir brand cost lansoprazole 30mg order protonix 40mg online
REPLYBrandonBuh
(2023-03-29 09:13:54Z)You actually expressed it effectively!
REPLYphd proposals need help with writing a research paper term paper help developing the research proposal
help me do my essay write my essay canada write my essay help write my essay for me
essay writing service cheap https://domycollegehomeworkforme.com
Andrewnit
(2023-03-29 13:59:25Z)
REPLYThis is nicely put. .
reddit do my homework do my discrete math homework do my homework for me help do my math homework
Andrewnit
(2023-03-30 13:03:39Z)
REPLYThank you. Lots of content.
buy coursework how to make my sim do homework sims 4 do my homework in spanish help me do my homework for free
Mcsdyq
(2023-03-30 14:44:30Z)brand simvastatin 10mg cheap phenergan sildenafil online
REPLYDlnluk
(2023-03-30 23:44:21Z)order dapsone sale dapsone 100mg tablet atenolol 50mg usa
REPLYBrandonBuh
(2023-03-31 07:37:00Z)
REPLYTerrific material. Thanks a lot.
essay helper free i need help to write an essay paper writing help help in essay writing
custom writing paper service best paper writing service 2019 for college paper help legit paper writing services
what is the meaning of dissertation https://essaytyperhelp.com