The Traderszone Network

Published in TZ Latest News 5 February, 2017 by The TZ Newswire Staff

Would You Accept a 1.33% Increase to Your Taxes to Save Social Security?

Image source: Getty Images.

For senior citizens, Social Security ranks at or near the top of their primary ongoing concerns. The reason is that around 60% of the more than 41.2 million retired workers receiving Social Security benefits as of December 2016 relies on Social Security for at least half of their monthly income. An even higher number of unmarried elderly individuals (71%) leans on Social Security income to represent at least half of their monthly take-home pay.

read more