How Much Do You Really Know About Social Security Benefits?
It’s time to test your knowledge and find out how much you really know about Social Security. According to an article by CNBC, it appears to be not much.
Mass Mutual, the financial planning company, gave a 13-question true-or-false quiz to 1,500 people ages 55 through 65 and the majority flunked. With the grades tabulated, 65 percent of people either failed or got a D grade, 18 percent of respondents earned a C, 12 percent got a B and just 6 percent earned an A.
The Seniors Trust is committed to improving the financial well-being of America’s retirees through passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and this bill will ensure the long-term solvency of the Social Security program.
